Latest news with #IvanhoeElectricInc
San Francisco Chronicle
5 days ago
- Business
- San Francisco Chronicle
Ivanhoe Electric: Q2 Earnings Snapshot
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Ivanhoe Electric Inc. (IE) on Tuesday reported a loss of $23.9 million in its second quarter. On a per-share basis, the Tempe, Arizona-based company said it had a loss of 18 cents. Losses, adjusted for asset impairment costs, were 16 cents per share. The mineral exploration company posted revenue of $1.1 million in the period.
Yahoo
05-04-2025
- Business
- Yahoo
Ivanhoe Electric Inc. (IE): The Best Copper Stock to Buy According to Wall Street Analysts
We recently published a list of the . In this article, we are going to take a look at where Ivanhoe Electric Inc. (NYSEAMERICAN:IE) stands against other best copper stocks to buy according to Wall Street analysts. The U.S. stock market has changed rapidly since the new president took control of the Oval Office. In the list of commodities that are recently surfacing as standout performers in the market, copper holds a significant place. The commodity has captured the attention of investors across the globe. According to The Wall Street Journal, by the end of March 2025, the U.S. copper future saw a 26% increase, reaching $5.02 per pound. The extraordinary growth, in addition to surpassing global prices, has set unprecedented records in the industry. The recent tariff implementations from the U.S. administration stand among the heavy contributors to this surge. The U.S. president has recently announced a series of tariff increases, targeting the major trading partners of the U.S. Accordingly, the EU imports will be charged a 20% tariff. Chinese goods have the most impact at a 34% tariff. Similarly, a minimum 10% hike is imposed on all imports globally. Because of these measures, the average tariff rate has risen to 23%, the highest in over a century. The WSJ calls it the most significant shift in the United States's approach to global trade. READ ALSO: . These new tariffs affect the import and export of various goods in the U.S. concerning copper. A rush has been noted to import the commodity into the U.S. before the new import tax rates take effect. This influx has resulted in a notable rise in physical deliveries, causing domestic copper prices to surge. Income-seeking investors in the market, however, need to look past these immediate market reactions and focus on the long-term outlook for copper. Even in the long run, the value of copper remains robust. An article by CNBC noted that the world's leading mining companies anticipate a 70% growth in the global demand for copper by 2050. The surge is expected to be driven by the adoption of copper-intensive technologies, such as renewable energy systems and electric vehicles. With constant growth in several customers shifting to renewable energy-based technologies, such an increase in demand for the commodity is inevitable. On the other hand, the industry will likely face significant challenges in meeting this rise in demand. The mining industry, for instance, faces constraints like declining ore grades and the need for substantial capital investments to develop new projects. Owing to these factors, the growth in supply and the industry's ability to sustain high copper prices in the future could take a hit. Even so, copper stocks remain attractive, and investors are increasingly looking towards adding them to their portfolios to give them a diverse touch. The immediate price surges due to trade policies and the potential for long-term demand position the copper sector as a compelling investment avenue. But with this said, investors may be wondering what the best copper stock to buy today is. We followed a few criteria when putting together our list of best copper stocks for investors. Primarily, we considered only those copper stocks with an upside potential of 10%. The criteria were placed to present our interested investors with stocks with the prospect of significant capital appreciation. A substantial rise in the price of stocks often correlates with substantial profits for investors. Hence, we ranked our list based on this upside potential. We have also considered only those stocks followed by hedge funds listed in Insider Monkey's Q4 2024 database. It ensures the institutional interests in the stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An oil rig in the middle of an ocean reflecting the sunset. A U.S.-based mineral exploration and technology company, Ivanhoe Electric Inc. (NYSEAMERICAN:IE) is focused on critical metals, including copper and gold. The company targets electrification and renewable energy markets by leveraging geophysical imaging technologies in mineral development. The combination of proprietary technology and exploration offers a unique approach that allows the company to meet the competition in the market. Ivanhoe Electric Inc. (NYSEAMERICAN:IE) has recently reported a quarterly loss of $0.19 per share against the anticipated loss of $0.24. On the other hand, the company posted a revenue of $1.33 million, surpassing the estimates by 77.60%. Even so, the Santa Cruz Copper Project in Arizona has gained a positive outlook since the company holds a 100% interest in the project. Ivanhoe Electric is set to deliver a completed PFS for the Santa Cruz Copper Project before the end of Q2 2025. The company has also announced its intention to stabilize its financial position through a $50 million underwritten public offering. Ivanhoe Electric Inc. (NYSEAMERICAN:IE) is backed by 13 hedge funds from the Insider Monkey database as of Q4 2024, making it one of the best copper stocks with the least institutional interest on our list. However, it takes the leading position against other copper stocks in our list because of its upside potential of 148.96%, the highest in this set. Overall, IE ranks 1st on our list of best copper stocks to buy according to Wall Street analysts. While we acknowledge the potential for IE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
21-03-2025
- Business
- Yahoo
Ivanhoe Electric Applauds Executive Order to Accelerate Mineral Production in the United States
Ivanhoe Electric's Santa Cruz Copper Project in Arizona on Track to Deliver Completed Preliminary Feasibility Study in June 2025 Phoenix, Arizona--(Newsfile Corp. - March 21, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to see the historic March 20, 2025, Executive Order signed by United States President Donald J. Trump to accelerate the domestic production of critical metals, including copper. The Executive Order invokes the use of the Defense Production Act as part of a broad U.S. Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will "identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals." Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a "dedicated mineral and mineral production fund for domestic investments" under the Development Finance Corporation ("DFC"). Mr. Melvin commented: "This decisive action by our President highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects. As a United States company with an advanced high-quality, high-grade copper project on private land in Arizona, we are excited about what the Executive Order means for the future of domestic copper production." Ivanhoe Electric nears key milestone at its Santa Cruz Copper Project in Arizona with expected completion of Preliminary Feasibility Study ("PFS") in June 2025 Ivanhoe Electric is rapidly progressing advanced stage engineering studies for its modern, high-grade, underground Santa Cruz Copper Project in Arizona. The Project's PFS is scheduled to be completed in June 2025, and will be used to advance project financing discussions. Ivanhoe Electric is advancing applications for key Project permits with a goal of commencing construction activities as soon as the first half of 2026. The PFS expands on our Initial Assessment released in September 2023 (refer to Ivanhoe Electric's September 6, 2023 news release), which demonstrated attractive economics on a long-lived and high-grade underground copper project capable of producing approximately 80 thousand tonnes of copper per year, including 57 thousand tonnes of pure copper cathode for the U.S. domestic market. About Ivanhoe Electric We are a U.S. company that combines advanced mineral exploration technologies with electric metals exploration projects predominantly located in the United States. We use our accurate and powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our subsidiary, Computational Geosciences Inc., to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other metals including nickel, vanadium, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of electric metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona and the Tintic Copper-Gold Project in Utah, as well as other exploration projects in the United States, we intend to support United States supply chain independence by finding and delivering the critical metals necessary for the electrification of the economy. We also operate a 50/50 joint venture with Saudi Arabian Mining Company Ma'aden to explore for minerals on ~48,500 km2 of underexplored Arabian Shield in the Kingdom of Saudi Arabia. Website: Contact Information Mike PattersonVice President, Investor Relations and Business DevelopmentEmail: mike@ 1-480-601-7878 Follow us on Ivanhoe Electric's Executive Chairman Robert Friedland: @robert_ivanhoe Ivanhoe Electric: @ivanhoeelectric Ivanhoe Electric's investor relations website located at should be considered Ivanhoe Electric's recognized distribution channel for purposes of the Securities and Exchange Commission's Regulation FD. Forward-Looking Statements Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Ivanhoe Electric, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect Ivanhoe Electric's current expectations regarding future events, performance and results and speak only as of the date of this news release. Such statements in this news release include, without limitation statements regarding the effect of the March 20, 2025 Executive Order on the domestic production and regulatory framework for critical metals; the completion of the Preliminary Feasibility Study for the Santa Cruz Project in June 2025 and the advancement of Project financing discussions; the commencement of construction activities at the Santa Cruz Project as soon as the first half of 2026; the projections, assumptions and estimates contained in the Initial Assessment related to the Santa Cruz Project, including, without limitation, those relating to production; and planned or potential developments in the businesses of Ivanhoe Electric. Forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including any inability to negotiate and sign mutually agreeable definitive agreements; any inability to satisfy all applicable closing conditions; changes in the prices of copper or other metals Ivanhoe Electric is exploring for; the results of exploration and drilling activities and/or the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations; the final assessment of exploration results and information that is preliminary; the significant risk and hazards associated with any future mining operations, extensive regulation by the U.S. government as well as local governments; changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with Ivanhoe Electric to perform as agreed; and the impact of political, economic and other uncertainties associated with operating in foreign countries, and the impact of the COVID-19 pandemic and the global economy. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors described in Ivanhoe Electric's Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission at No assurance can be given that such future results will be achieved. Forward-looking statements speak only as of the date of this news release. Ivanhoe Electric cautions you not to place undue reliance on these forward-looking statements. Subject to applicable securities laws, Ivanhoe Electric does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release, and Ivanhoe Electric expressly disclaims any requirement to do so. To view the source version of this press release, please visit Sign in to access your portfolio
