We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ivanhoe Electric (IE) Moves 8.7% Higher: Will This Strength Last?
Read MoreHide Full Article
Ivanhoe Electric (IE - Free Report) shares ended the last trading session 8.7% higher at $9.17. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.7% gain over the past four weeks.
Ivanhoe Electric’s shares gained since the company announced the completion of the Preliminary Feasibility Study for its Santa Cruz Copper Project in Arizona. The completion of the Study is a key milestone as this is a step forward for the company to secure long-term project financing to move the Santa Cruz project toward development.
The Study underlines advanced engineering design, covering all stages from extraction to processing, ensuring project bankability and readiness for financing. According to the development plan, construction is slated to begin in the first half of 2026, with the goal of achieving first copper cathode production by 2028.
This mineral exploration company is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +66.7%. Revenues are expected to be $0.74 million, up 37% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Ivanhoe Electric, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on IE going forward to see if this recent jump can turn into more strength down the road.
Ivanhoe Electric is a member of the Zacks Mining - Miscellaneous industry. One other stock in the same industry, Alpha Metallurgical (AMR - Free Report) , finished the last trading session 4.7% lower at $99.46. AMR has returned -13.3% over the past month.
For Alpha Metallurgical, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$1.6. This represents a change of -135.6% from what the company reported a year ago. Alpha Metallurgical currently has a Zacks Rank of #5 (Strong Sell).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ivanhoe Electric (IE) Moves 8.7% Higher: Will This Strength Last?
Ivanhoe Electric (IE - Free Report) shares ended the last trading session 8.7% higher at $9.17. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.7% gain over the past four weeks.
Ivanhoe Electric’s shares gained since the company announced the completion of the Preliminary Feasibility Study for its Santa Cruz Copper Project in Arizona. The completion of the Study is a key milestone as this is a step forward for the company to secure long-term project financing to move the Santa Cruz project toward development.
The Study underlines advanced engineering design, covering all stages from extraction to processing, ensuring project bankability and readiness for financing. According to the development plan, construction is slated to begin in the first half of 2026, with the goal of achieving first copper cathode production by 2028.
This mineral exploration company is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +66.7%. Revenues are expected to be $0.74 million, up 37% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Ivanhoe Electric, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on IE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Ivanhoe Electric is a member of the Zacks Mining - Miscellaneous industry. One other stock in the same industry, Alpha Metallurgical (AMR - Free Report) , finished the last trading session 4.7% lower at $99.46. AMR has returned -13.3% over the past month.
For Alpha Metallurgical, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$1.6. This represents a change of -135.6% from what the company reported a year ago. Alpha Metallurgical currently has a Zacks Rank of #5 (Strong Sell).