Raymond James Research Analysts Lift Earnings Estimates for Ivanhoe Mines Ltd. (TSE:IVN)

Ivanhoe Mines Ltd. (TSE:IVNGet Rating) – Investment analysts at Raymond James upped their Q2 2022 earnings per share estimates for shares of Ivanhoe Mines in a research report issued to clients and investors on Monday, April 11th. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $0.00 per share for the quarter, up from their prior forecast of ($0.01). Raymond James currently has a “Outperform” rating and a $13.00 target price on the stock. Raymond James also issued estimates for Ivanhoe Mines’ Q3 2022 earnings at $0.04 EPS, Q4 2022 earnings at $0.04 EPS and FY2022 earnings at $0.03 EPS.

Ivanhoe Mines (TSE:IVNGet Rating) last announced its quarterly earnings data on Tuesday, March 8th. The company reported C$0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.09 by C($0.04).

Several other brokerages have also recently weighed in on IVN. TD Securities lifted their price objective on Ivanhoe Mines from C$15.00 to C$16.50 and gave the company a “buy” rating in a report on Wednesday, February 23rd. Canaccord Genuity Group lifted their price objective on Ivanhoe Mines from C$13.50 to C$14.00 in a report on Monday, January 10th. Scotiabank boosted their price target on Ivanhoe Mines from C$15.00 to C$15.50 in a report on Wednesday. BMO Capital Markets boosted their price target on Ivanhoe Mines from C$15.00 to C$16.50 in a report on Wednesday, February 23rd. Finally, Citigroup raised Ivanhoe Mines from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$9.00 to C$15.00 in a report on Tuesday, March 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$14.11.

Shares of TSE IVN opened at C$12.04 on Thursday. The stock has a market capitalization of C$14.56 billion and a PE ratio of 211.23. The company has a debt-to-equity ratio of 20.64, a current ratio of 21.49 and a quick ratio of 19.37. The business has a fifty day moving average price of C$11.49 and a two-hundred day moving average price of C$10.51. Ivanhoe Mines has a fifty-two week low of C$7.69 and a fifty-two week high of C$13.15.

In related news, Director Louis Kabamba Watum sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of C$11.23, for a total transaction of C$33,690.00. Following the sale, the director now owns 118,970 shares in the company, valued at approximately C$1,336,033.10.

Ivanhoe Mines Company Profile (Get Rating)

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.

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Earnings History and Estimates for Ivanhoe Mines (TSE:IVN)

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