Ivanhoe Electric Inc

IE remains in a Stage 4 decline with an active Support Failure indicating sellers dominate and momentum remains downward; despite extreme oversold conditions, timing is unfavorable for further downside until a relief rally into the 9/20 EMA zone provides a structurally sound sell entry.

• ↑Santa Cruz project targets 390-430 kt copper in 2023, driving long-term growth.
• ↑$600M cash provides cushion for Phase 3 expansion and operational hiccups.
• ↓Current EPS estimate sits at –$0.18, worsening year-over-year.