Ivanhoe Electric (NYSEAMERICAN:IE) Stock Jumps 7.5% – Here’s What Happened

Posted by Francis Steltz on Oct 2nd, 2026

Ivanhoe Electric Inc. (NYSEAMERICAN:IE – Get Free Report)’s share price traded up 7.5% during mid-day trading on Friday. The company traded as high as $10.64 and last traded at $10.7460. Approximately 124,180 shares were traded during trading, a decline of 94% from the average session volume of 2,124,764 shares. The stock had previously closed at $10.00.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Scotiabank dropped their target price on shares of Ivanhoe Electric from $18.00 to $16.00 and set a “sector outperform” rating for the company in a research report on Friday, September 25th. JPMorgan Chase & Co. decreased their price objective on shares of Ivanhoe Electric from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ivanhoe Electric currently has an average rating of “Buy” and an average target price of $17.33.

Read Our Latest Research Report on IE

Ivanhoe Electric Stock Up 2.8%

The business’s 50 day simple moving average is $10.30 and its two-hundred day simple moving average is $11.26. The stock has a market cap of $1.64 billion, a P/E ratio of -12.99 and a beta of 1.28.

Ivanhoe Electric (NYSEAMERICAN:IE – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.28. Ivanhoe Electric had a negative return on equity of 26.29% and a negative net margin of 3,899.97%.The company had revenue of $0.72 million during the quarter, compared to analysts’ expectations of $1.00 million. As a group, research analysts forecast that Ivanhoe Electric Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Ivanhoe Electric

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Ivanhoe Electric in the 2nd quarter valued at approximately $146,309,000. Primecap Management Co. CA acquired a new position in shares of Ivanhoe Electric during the second quarter worth $32,946,000. MFN Partners Management LP bought a new stake in shares of Ivanhoe Electric in the second quarter worth $24,536,166. Legal & General Group Plc acquired a new stake in Ivanhoe Electric in the second quarter valued at $17,994,000. Finally, Wellington Management Group LLP increased its holdings in Ivanhoe Electric by 24.2% in the second quarter. Wellington Management Group LLP now owns 7,038,087 shares of the company’s stock valued at $67,636,000 after purchasing an additional 1,371,303 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Ivanhoe Electric Company Profile

(Get Free Report)

Ivanhoe Electric Inc is a mineral exploration and technology company focused on the discovery and development of critical mineral deposits. Its exploration activities primarily target copper, nickel, gold and other metals used in electrification, renewable energy infrastructure and advanced technologies.

The company combines conventional geological exploration with its proprietary Typhoon geophysical survey system. Typhoon is designed to identify potential mineral deposits beneath the surface by collecting large-scale electrical data, helping guide drilling and exploration decisions.