Ivanhoe Electric reported quarterly EPS of C$0.2659, well above the C$-0.05 estimate. But the result follows three straight quarters of losses.
Ivanhoe Electric Inc. (TSX: IE, IE.TO) reported EPS of C$0.2659 for the quarter ended September 30, 2026, compared with an estimate of C$-0.05. That’s a reported surprise of 631.8%. The company released its results before market open on November 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
-12.43%
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 192.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$29.17
+192.5% Upside
Previously C$31.50 on Sep 17, 2026
Current Price
C$9.97
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
89.3%
Annualized
90-Day Vol
86.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$8.34
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$9.39 | C$6.90 – C$12.78 |
| 60 trading days | C$8.85 | C$5.73 – C$13.68 |
| 90 trading days | C$8.34 | C$4.89 – C$14.22 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | 0.2659 | -0.0500 | +631.8% |
| 2026-06-30 | 2026-08-07 | -0.2900 | -0.2100 | -38.1% |
| 2026-03-31 | 2026-05-07 | -0.6400 | -0.3200 | -100.0% |
| 2025-12-31 | 2026-02-26 | -0.2269 | -0.2200 | -3.1% |
| 2025-09-30 | 2025-11-05 | -0.1800 | -0.2900 | +37.9% |
| 2025-06-30 | 2025-08-05 | -0.2200 | -0.1300 | -69.2% |
The positive result marks a sharp change from the previous three quarters, when EPS was negative. Investors should weigh this single-quarter improvement against the company’s ongoing losses over the past 12 months and recent share-price volatility.
Investor takeaway: The earnings surprise is large, but it doesn’t yet show a sustained recovery. Ivanhoe Electric beat estimates in only one of its last four comparable quarters, and trailing-twelve-month EPS remains C$-0.36. The next test is whether earnings continue to improve. The next-quarter consensus is C$-0.08 EPS and C$1.00 million in revenue, based on estimates from one analyst.
C$0.2659 EPS versus C$-0.05 estimated
The 631.8% surprise compares actual EPS with a negative estimate, which makes the percentage look especially large. It doesn’t measure year-over-year earnings growth. Ivanhoe Electric beat estimates in one of its last four reported quarters and missed in the other three.
Bull case
The latest quarterly EPS was positive and well above the estimate. Ivanhoe Electric explores and develops minerals, including copper and other critical metals. Its projects include the advanced-stage Santa Cruz Copper Project in Arizona, along with exploration partnerships in Saudi Arabia, Chile and the United States.
In an October 27 announcement, the company said Jonathan Wang had joined as vice president of investor relations. It also noted his experience in capital markets and investor relations. This provides context about the business, but doesn’t guarantee future earnings or project results.
Bear case
The quarterly beat follows three quarters of negative EPS: C$-0.29 in June, C$-0.64 in March and C$-0.2269 in December. Trailing-twelve-month EPS is C$-0.36, and the reported profit margin is 0.00%.
The shares closed at C$9.97, below their 50-day average of C$13.57 and 200-day average of C$16.70. They were down 27.21% over the past month. The next-quarter EPS consensus is still negative, though it comes from just one analyst.
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