IVN.TO · PEAD ↓ 73

Ivanhoe Mines reported Q3 2026 EPS of $0.04 on 2026-11-03, missing the $0.06 consensus by $0.02 (-33.3%).

Print-day reaction was -1.3% from the prior close, a contained initial move given the magnitude of the EPS miss. The overnight gap to the T+1 open, however, was severe at -10.7%, signalling a sharp after-hours reassessment of the miss. Over the following two trading days (T+1 close through T+3 close) price drifted a further -2.0%, extending the decline with no meaningful recovery. Cumulative abnormal return of -5.8% versus SPY.US puts this firmly in PEAD short territory, with the drift confirming and extending the initial negative reaction; the holding window runs through 2027-01-29.