Ivanhoe Electric reported quarterly EPS of C$0.27, well above the C$0.08 loss analysts expected. That’s a change from the losses it reported in each of the previous three quarters.
Ivanhoe Electric Inc. (TSX: IE; IE.TO) reported results for the quarter ended September 30, 2026, before markets opened on November 5. Calendar data shows EPS of C$0.27 against an estimate of -C$0.08, a reported surprise of 437.5%.
Recent earnings trend
Ivanhoe Energy Inc
IE.TO
IE.TO
Ivanhoe Energy Inc
WealthAwesomeMarket cap
$1.72B
52W high
$28.81
52W low
$9.43
1W change
+9.00%
Beta
1.34
Analyst Price Targets
Based on analyst covering IE · as of Oct 9, 2026
Wall Street analysts forecast IE stock price to rise 150.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$29.17
+150.8% Upside
Previously C$31.50 on Sep 17, 2026
Current Price
C$11.63
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on IE's historical volatility
30-Day Vol
93.6%
Annualized
90-Day Vol
87.8%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$9.73
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$10.96 | C$7.93 – C$15.13 |
| 60 trading days | C$10.32 | C$6.54 – C$16.30 |
| 90 trading days | C$9.73 | C$5.56 – C$17.02 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-23 | — | -0.0800 | — |
| 2026-09-30 | 2026-11-05 | 0.2700 | -0.0800 | +437.5% |
| 2026-06-30 | 2026-08-07 | -0.2900 | -0.2100 | -38.1% |
| 2026-03-31 | 2026-05-07 | -0.6400 | -0.3200 | -100.0% |
| 2025-12-31 | 2026-02-26 | -0.2269 | -0.2200 | -3.1% |
| 2025-09-30 | 2025-11-05 | -0.1800 | -0.2900 | +37.9% |
The U.S.-based company explores and develops copper and other critical metals. Its projects include the advanced-stage Santa Cruz Copper Project in Arizona and exploration partnerships in Saudi Arabia, Chile and the United States. For Canadian investors, the EPS result stands out, but the recent record is mixed: IE beat estimates in just one of its last four comparable quarters.
Investor takeaway: The quarter came in well above expectations, but one positive EPS result doesn’t establish a lasting earnings trend. IE reported losses in the three previous quarters, and its trailing 12-month EPS remains -C$0.42. The average analyst target is well above the latest close, while Wealth Awesome’s statistical 90-day model points lower and has a wide forecast range. These conflicting signals reflect the uncertainty around a minerals exploration and development company. Neither an analyst target nor a model forecast guarantees future performance.
C$0.27 EPS versus -C$0.08 expected
The reported 437.5% surprise compares actual EPS with a negative estimate. It doesn’t measure year-over-year earnings growth. EPS was -C$0.29 in the previous quarter and was also negative in the two quarters before that.
Bull case
EPS of C$0.27 was much better than the -C$0.08 estimate. IE’s projects and exploration partnerships also give investors exposure to copper and other critical metals. The average analyst target of C$29.17 is well above the latest close of C$11.63, though investors should consider how many analysts cover the stock and what assumptions underpin their targets.
Bear case
IE’s latest result follows three consecutive quarters in which actual EPS fell short of estimates, and trailing EPS remains negative. The share price is below its 50-day and 200-day moving averages. The statistical 90-day forecast also shows a negative annualized drift and exceptionally high volatility. Exploration and development results are uncertain, and the available information doesn’t show that this quarter marks a lasting improvement in profitability.
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