How to Buy Ivanhoe Electric Stock
Ivanhoe Electric Inc
Ivanhoe Electric is a copper company located in British Columbia, Canada, which is part of the Basic Materials sector, and is traded under the ticker IE on the NYSEMKT exchange.
Ivanhoe Electric stock last closed at $11.19, up 4.78% from the previous day, and has decreased 8.05% in one year. It has underperformed other stocks in the Copper industry by 0.49 percentage points. Ivanhoe Electric stock is currently +53.5% from its 52-week low of $7.29, and -33.19% from its 52-week high of $16.75.
As of Apr 29, 2024, there are 120.31M IE shares outstanding. The market cap of IE is $1.35B. In the past 24 hours, 758,418 IE shares were traded.
How to Buy Ivanhoe Electric Stock
Wondering how to invest in Ivanhoe Electric stock? Here's how.
- Decide where to buy Ivanhoe Electric stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Ivanhoe Electric stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your payment method and add your info.
- Analyze Ivanhoe Electric stock: The Ivanhoe Electric ticker symbol is IE. Is Ivanhoe Electric stock a good investment? Should you buy shares of IE? How do IE's underlying business fundamentals look? Do top analysts think Ivanhoe Electric is a good buy? Why has IE's stock price moved recently? (Hint: Our stock research website can help you figure out if IE is a good stock to buy).
- Execute your IE buy order: Decide if you will purchase IE shares at the current market price or use a limit order to purchase IE stock at a given price.
- Keep an eye on your IE position: Create a watchlist to monitor your position in Ivanhoe Electric stock.
Step 1: Decide where to buy Ivanhoe Electric stock
You need a brokerage account in order to access the NYSEMKT market and buy IE shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
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- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you can buy IE today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start a new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on the best stock trading app for beginners, you can securely and quickly fund your account:
Check out the tutorial below if you need help depositing funds into your brokerage account.
Step 4: Analyze Ivanhoe Electric stock
Once you have chosen the best place to buy Ivanhoe Electric stock, it's absolutely critical to analyze their stock prior to buying, so you truly understand the risk and upside.
Ivanhoe Electric shares quick numbers
IE Due Diligence Checks
WallStreetZen was built to help average investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on IE's stock page.
Is IE stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge IE's fair value.
Using relative valuations ratios:
- IE could be undervalued based on its P/E ratio of 5.74x, relative to Copper industry P/E ratio of 38.83x
- IE may be undervalued based on its P/B ratio of 3.6x, relative to Copper industry P/B ratio of 6.32x
- IE could be undervalued based on its PEG ratio of 0.17x
You can access additional valuation analysis on IE's stock here.
A look at IE Cashflows and Balance Sheet
Pros:
- There are more short-term assets than long-term liabilities on the IE balance sheet.
- There are more short-term assets than short-term liabilities on the IE balance sheet.
- IE has a low debt to equity ratio of 0.3.
Cons:
- IE has $205.04M in cash and short term investments. This is not enough to cover its annual cash burn of $232.60M.
- IE profit margin has gone down from -1,775% to -5,108.3% in the past year.
- IE has cash burn of 232600000. It does not have enough cash and short-term investments to cover this.
Is Ivanhoe Electric stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Equities analysts who monitor IE, the consensus analyst rating on Ivanhoe Electric is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Ivanhoe Electric stock forecast page.
IE Momentum
IE Performance Numbers
Last year, IE earnings were -$199.38M. Over the last four year, IE's earnings have increased by 47.68% per year. This was faster than the Copper industry average of 2.63%.
Last year, IE revenue was $3.90M. In the last four year, IE's revenue has grown by 0.99% per year. This was slower than the Copper industry average of 5.55%.
You can analyze IE's earnings and revenue performance here.
Are IE executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at IE have bought more shares than they have sold.
Jordan Neeser, Chief Financial Officer of IE, was the latest IE insider to buy. They bought $88,362.94 worth of IE shares on Mar 26, 2024.
Learn more about who owns IE stock here.
Does IE provide a stable income stream?
No, Ivanhoe Electric doesn't provide an income stream by paying out dividends.
What others are saying about IE
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your IE buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you want additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your IE position
Now that you own some shares in IE, you'll want to stay up-to-date on your new investment.
Create a watchlist to get notified of the latest news about your IE stock.
IE Feed
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How to Buy Stock in Ivanhoe Electric
To reiterate, here are the 6 steps to buy Ivanhoe Electric stock:
- Decide where to buy Ivanhoe Electric stock
- Sign up for your brokerage account
- Fund your investment account
- Analyze Ivanhoe Electric stock
- Execute your IE buy order
- Keep an eye on your IE position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Ivanhoe Electric, hit the button below to create your watchlist.
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