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Company price
8.17 CAD -0.28 ( 3.31%)
Last update at 2026-11-05T18:43:00Z
VOLUME
4570335
Market Cap
16384.31M
P/E
44.19

Momentum Score

…

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 Vancouver, Canada.

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Day Price Range
7.93
Low
8.60
High
52 Week Price Range
8.76
Low
20.34
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Ivanhoe Mines Ltd is a Canada-listed mining company developing large-scale copper projects in the Democratic Republic of Congo and advancing other African assets with exposures to platinum-group metals and zinc. Long-term growth may be driven by ramp-up and expansion of its Kamoa-Kakula copper complex, exploration upside across its portfolio and secular demand for copper from electrification and clean-energy trends. Investors may find the company attractive for its high-grade, near-tier-one deposits and a significant joint venture with Zijin Mining that could support project funding and technical execution.
Material risks include political and regulatory uncertainty in the DRC, commodity-price volatility, execution and capital-intensity risks associated with large mine development, environmental and community relations challenges, and reliance on joint-venture partners for financing and offtake.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
8.45
Dividend Yield
-
Revenue TTM
441.62M
Revenue Per Share
0.32
Gross Profit TTM
63.92M
Debt / Equity
0.22
ROE
4.32%
Net Debt
490.95M
ROCE
-0.60%
Diluted EPS TTM
0.26

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 254.50M 179.12M 295.29M 320.74M -29.62M
Minority interest 33.56M 34.84M 15.98M -23.24M 9.93M
Net income 266.13M 228.13M 318.93M 410.86M 55.24M
Selling general administrative 54.43M 66.70M 43.83M 52.42M 58.54M
Selling and marketing expenses - - 51.93M - -
Gross profit -35.18M -10.74M -22.66M -33.91M -52.17M
Reconciled depreciation 75.72M 19.67M 2.57M 5.87M 9.59M
Ebit -42.38M 188.44M -92.73M -91.35M -111.61M
Ebitda 41.06M 208.11M -90.44M -85.48M -102.02M
Depreciation and amortization 83.43M 19.67M 2.29M 5.87M 9.59M
Operating income -42.38M 148.51M 179.07M 161.34M -4.90M
Other operating expenses 491.72M 107.70M 179.07M 91.86M 4.90M
Interest expense 42.85M 9.33M 8.05M 17.31M 32.89M
Tax provision 22.13M -14.18M -7.66M -113.37M -74.93M
Interest income 134.50M 25.92M 239.54M 153.52M 26.73M
Net interest income 131.14M 192.40M 208.07M 137.21M 69.40M
Income tax expense 22.52M -14.18M 7.66M -113.37M -74.93M
Total revenue 449.35M 40.82M 0.00M 0.00M 0.00M
Total operating expenses 7.20M -159.26M -179.07M 57.95M 58.54M
Cost of revenue 484.52M 51.56M 22.66M 33.91M 52.17M
Total other income expense net 296.88M 30.60M 116.22M 159.39M -24.72M
Net income from continuing ops 227.99M 193.29M 302.94M 434.11M 45.31M
Net income applicable to common shares 261.56M 228.13M 318.93M 410.86M 55.24M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 7611.97M 5737.56M 5000.26M 3969.28M 3218.21M
Intangible assets 29.69M - - - -
Other current assets 19.90M - 63.98M 42.07M 4.95M
Total liab 1897.29M 901.91M 1419.32M 1128.15M 841.21M
Total stockholder equity 5893.83M 4989.20M 3698.48M 2934.62M 2493.82M
Other current liab 111.35M 1.84M 1.47M 6.31M 5.42M
Common stock 4433.91M - 2790.14M 2347.11M 2316.29M
Capital stock 4441.99M 3858.59M 2790.14M 2347.11M 2316.29M
Retained earnings 1306.56M 1047.38M 819.25M 509.80M 98.94M
Other liab - - - 543.92M 322.38M
Other assets 227.85M - - 212.73M 145.57M
Cash 783.11M 102.08M 560.29M 583.85M 608.18M
Cash and equivalents 50.51M - - 597.45M 608.18M
Total current liabilities 507.82M 238.56M 197.78M 67.24M 31.96M
Current deferred revenue 12.80M - 12.00M - -
Net debt 490.95M 256.35M 87.13M -63.27M -117.54M
Short term debt 342.67M - 87.38M 3.58M 3.76M
Short long term debt 342.45M 97.48M 86.70M 3.03M 3.03M
Short long term debt total 1274.06M - 647.42M 520.58M 490.63M
Other stockholder equity 3.92M - 147.86M 141.54M 141.10M
Property plant equipment 2447.12M - - 902.83M 742.30M
Total current assets 1134.91M 298.64M 648.83M 662.66M 686.74M
Long term investments 3655.78M 3115.27M 2602.02M 2056.69M 1643.59M
Net tangible assets - - - 2934.62M 2493.82M
Short term investments 100.53M - - - 0.00M
Net receivables 165.14M - 23.03M 35.73M 72.62M
Long term debt 913.75M 260.95M 549.28M 506.24M 719.83M
Inventory 66.23M 85.74M 1.52M 1.01M 0.99M
Accounts payable 41.00M 118.91M 96.94M 57.36M 22.77M
Accumulated other comprehensive income 153.36M - -58.77M -63.83M -62.51M
Non currrent assets other 17.88M 18.91M 4.24M 138.74M 72.41M
Non current assets total 6477.05M 5438.92M 4351.43M 3306.62M 2531.47M
Capital lease obligations 10.51M 10.76M 11.44M 11.31M 11.97M
Long term debt total 923.42M - - 517.00M 731.07M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -100.71M -495.40M -477.00M -173.63M -3.20M
Change to liabilities - - - 34.84M 4.12M
Total cashflows from investing activities -677.37M -495.40M -477.00M -173.63M -208.58M
Net borrowings 878.23M - - -0.71M 563.82M
Total cash from financing activities 1444.83M 206.95M 500.27M -9.69M 561.97M
Change to operating activities - - - -23.52M 0.93M
Net income 266.13M 179.12M 295.29M 320.74M -29.62M
Change in cash 660.22M -456.95M -23.16M -10.72M 345.35M
Begin period cash flow 122.89M 574.29M 597.45M 608.18M 262.82M
End period cash flow 783.11M 117.34M 574.29M 597.45M 608.18M
Total cash from operating activities -129.68M -152.43M -31.57M 177.09M -7.09M
Issuance of capital stock 564.52M 0.00M 429.70M 0.00M -
Depreciation 83.43M 19.67M 2.57M 5.87M 9.59M
Other cashflows from investing activities -323.91M -4.44M 0.94M -1.61M -152.78M
Dividends paid 0.00M 0.00M 0.00M 0.00M 0.00M
Change to inventory - -76.20M -0.51M -0.02M 0.02M
Change to account receivables - -48.35M -0.02M -0.01M -0.00M
Sale purchase of stock 582.14M 3.50M 434.81M 5.52M 6.46M
Other cashflows from financing activities -3.40M -13.19M -25.82M -8.98M -1.85M
Change to netincome - - - -245.91M -72.73M
Capital expenditures 347.79M 491.71M 477.90M 158.66M 52.60M
Change in working capital -94.38M -64.99M 8.52M 6.26M 70.37M
Stock based compensation 18.38M 27.92M 29.27M 27.22M 20.00M
Other non cash items -384.87M -314.15M -367.21M -182.99M -77.44M
Free cash flow -477.48M -644.14M -509.46M 18.43M -59.69M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
IVN
Ivanhoe Mines Ltd.
-0.28
3.31%
8.17 44.19 31.45 37.10 2.17 30.10 40.94
TECK-B
Teck Resources Limited
-5.05
5.61%
84.89 12.14 9.12 1.91 0.97 2.53 6.34
TECK-A
Teck Resources Limited
-5.17
5.76%
84.66 12.13 9.34 1.91 0.99 2.58 6.47
NGEX
NGEx Minerals Ltd.
-0.99
4.56%
20.71 - - - 13.49 - -21.12
SKE
Skeena Resources Ltd
-0.21
0.51%
40.89 - - - 35.64 - -4.03

Profile*

Ivanhoe Mines Ltd.

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 Vancouver, Canada.

999 Canada Place, Vancouver, BC, Canada, V6C 3E1

604 657 9010

2200

Name Title Year Born
Ms. Martie Cloete Pres 1977
Mr. David Harry Van Heerden Chief Financial Officer NA
Dr. Setha Patricia Makhesha Exec. VP of Sustainability & Special Projects NA
Mr. Peter Zhou Exec. VP of China NA
Mr. Mark Farren Chief Operating Officer 1966
Mr. Pierre Joubert Exec. VP of Technical Services NA
Mr. Matthew Richard Keevil Director of Investor Relations & Corp. Communications NA
Ms. Mary A. Vincelli VP of Compliance & Corp. Sec. NA
Mr. Alex Pickard VP of Corp. Devel. NA
Mr. Stephen Torr P.Geo. Sr. VP of Geosciences NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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