FY2027 EPS Estimates for Ivanhoe Mines Decreased by Analyst

Ivanhoe Mines Ltd. (TSE:IVN) – Investment analysts at Scotiabank lowered their FY2027 EPS estimates for shares of Ivanhoe Mines in a research note issued on Thursday, May 14th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $0.32 per share for the year, down from their prior forecast of $0.38. Scotiabank has a “Hold” rating and a $14.50 price objective on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

Ivanhoe Mines (TSE:IVN) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$0.06 earnings per share (EPS) for the quarter. Ivanhoe Mines had a net margin of 25.05% and a return on equity of 2.32%. The company had revenue of C$183.99 million for the quarter.

Other equities analysts have also recently issued research reports about the company. TD Securities cut their price target on Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Citigroup cut their target price on Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Stifel Nicolaus decreased their price target on shares of Ivanhoe Mines from C$22.00 to C$15.00 in a research note on Wednesday, April 1st. Raymond James Financial lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and lowered their price target for the company from C$23.00 to C$17.00 in a report on Wednesday, April 1st. Finally, Canaccord Genuity Group reduced their price objective on shares of Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating for the company in a report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$14.60.

Ivanhoe Mines Stock Down 0.8%

IVN stock opened at C$12.53 on Friday. Ivanhoe Mines has a twelve month low of C$8.76 and a twelve month high of C$20.34. The company has a quick ratio of 20.86, a current ratio of 2.33 and a debt-to-equity ratio of 21.02. The company has a market cap of C$17.87 billion, a PE ratio of 139.22 and a beta of 1.76. The business’s 50-day simple moving average is C$11.84 and its 200 day simple moving average is C$14.02.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd is a mineral exploration and development company. The company, together with its subsidiaries, explores, develops, and recovers minerals and precious gems from its property interests located in Africa. The group explores platinum, nickel, copper, gold, silver, cobalt, iron, vanadium, and chrome. It operates in four segments: Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company’s treasury offices.