IE Should I Buy
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Ivanhoe Electric Inc (IE) is not a strong buy for a beginner, long-term investor at this time. While there is some positive sentiment from hedge fund buying and an analyst price target increase, the company's weak financial performance, lack of recent news catalysts, and technical indicators showing no clear bullish signal suggest waiting for a better entry point.
The MACD is negative and expanding (-0.368), indicating a bearish trend. RSI is neutral at 32.397, and moving averages are converging, showing no strong directional signal. The stock is trading below key support levels (S1: 16.2, S2: 15.101), which could indicate further downside risk.
Hedge funds have significantly increased their buying activity (up 1062.18% last quarter). JPMorgan raised the price target to $22 from $18, citing favorable copper market conditions.
The company's financial performance in Q3 2025 was weak, with revenue down 18.78% YoY, net income down 59.48% YoY, and EPS down 63.89% YoY. Gross margin also declined by 17.24%. Technical indicators do not show a clear bullish trend. No recent news or congress trading data to act as a catalyst.
In Q3 2025, revenue dropped to $545,000 (-18.78% YoY), net income fell to -$17.52M (-59.48% YoY), EPS declined to -$0.13 (-63.89% YoY), and gross margin decreased to 51.19% (-17.24% YoY). These metrics indicate significant financial weakness.
JPMorgan maintains an Overweight rating and raised the price target to $22 from $18, citing improved forward pricing and favorable copper market conditions. This reflects optimism from analysts but does not outweigh the company's weak financials and lack of technical strength.
