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Home/Stocks/IVN.TO
TSX · Canada/DRC · Other Industrial Metals & Mining

IVN.TO Ivanhoe Mines

High-grade Kamoa-Kakula copper

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
C$9.22
+0.71% today
1W
−11.2%
1M
−22.8%
3M
−13.1%
YTD
−40.9%
1Y
−37.8%
Off 52w high
−51.0%
Next earnings (est.): 2026-11-03
Market capC$13.07B≈ $9.33B
P/E (trailing)76.3Forward 15.4
EV / sales23.2×EV/EBITDA 147.6×
Revenue (TTM)$586MGrowth 57.7% y/y
Margins27.6%gross · op 6.3%
Free cash flow-$310MCash $635M · debt $1.30B
Analyst targetC$15.10+63.7% upside · 15 analysts · buy
Riskβ 1.78Short — of float

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

IVN.TO · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-07-28EarningsMiss / cut

    Reported EPS 0.04 vs 0.05 expected (-8.2% surprise).

  2. 7
    2026-02-18EarningsBeat / raise

    Reported EPS 0.04 vs 0.04 expected (+5.6% surprise).

  3. 6
    2025-10-29EarningsBeat / raise

    Reported EPS 0.02 vs 0.01 expected (+120.5% surprise).

  4. 5
    2025-07-30EarningsMiss / cut

    Reported EPS 0.03 vs 0.04 expected (-32.0% surprise).

  5. 4
    2025-04-29EarningsBeat / raise

    Reported EPS 0.1 vs 0.07 expected (+48.8% surprise).

  6. 3
    2025-02-19EarningsMiss / cut

    Reported EPS 0.07 vs 0.08 expected (-8.5% surprise).

  7. 2
    2024-10-30EarningsMiss / cut

    Reported EPS 0.09 vs 0.09 expected (-0.3% surprise).

  8. 1
    2024-07-31EarningsMiss / cut

    Reported EPS 0.1 vs 0.1 expected (-1.6% surprise).

Alternative data that moves IVN.TO

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-07-280.050.04−8.2%
2026-02-180.040.04+5.6%
2025-10-290.010.02+120.5%
2025-07-300.040.03−32.0%
2025-04-290.070.1+48.8%
2025-02-190.080.07−8.5%
2024-10-300.090.09−0.3%
2024-07-310.10.1−1.6%
2024-04-300.050.06+24.1%
2024-02-260.090.02−77.3%
2023-11-060.10.08−13.5%
2023-08-030.110.09−18.9%
2023-05-030.10.1−6.8%
2023-03-130.090.09+5.1%
2022-11-140.080.05−43.2%
2022-08-150.10.11+13.7%
2022-05-100.080.07−10.4%
2022-03-080.080.11+47.1%
2021-11-150.050.03−41.3%
2021-08-110.02-0.02−177.5%
2021-05-13-0.01-0.04−285.2%
2021-03-08—-0.01—

About Ivanhoe Mines

Website ↗

Ivanhoe Mines Ltd., together with its subsidiaries, engages in the mining, development, and exploration of minerals and precious metals in Africa. The company explores gold, platinum, palladium, rhodium, nickel, copper, zinc, germanium, silver, and lead deposits. Its projects include the Kamoa-Kakula Copper Complex mine located in the Central African Copperbelt; the Kipushi Zinc mine in Southern Haut-Katanga Province, Democratic Republic of Congo; and the Platreef PGM-Nickel mine located in the Northern Limb of South Africa's Bushveld Igneous Complex. It also holds interest in the Western Foreland exploration project covering an area of approximately 2,390 square kilometers located in the Democratic Republic of Congo. The company was formerly known as Ivanplats Limited and changed its name to Ivanhoe Mines Ltd. in August 2013. The company was incorporated in 1993 and is based in Vancouve…

Vancouver, Canada

Grids, transformers, data centres and EVs all draw on copper. New mines take a decade or more; grades are falling.

Mine→Concentrate→Smelter→Cathode

What would prove us wrong. Weakens if demand forecasts for grids and data centres fall while mine supply surprises up.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
FCX
Freeport-McMoRan
Large copper producer $65.21+0.04%−9.6%+29.6%
SCCO
Southern Copper
Large copper reserves $187.1+1.12%−8.2%+36.5%
TECK
Teck Resources
Copper growth projects $60.34+2.18%−8.6%+26.6%
ANTO.L
Antofagasta
Chilean copper producer 3,174.0p+4.13%−14.9%−3.2%
BHP
BHP Group
Largest copper miner by resources $79.09+1.59%−6.9%+36.5%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.