FY2027 EPS Estimates for Ivanhoe Mines Cut by Scotiabank

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) – Equities researchers at Scotiabank cut their FY2027 earnings estimates for shares of Ivanhoe Mines in a research report issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $0.28 per share for the year, down from their prior estimate of $0.29. Scotiabank has a “Hold” rating on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $0.25 per share.

IVPAF has been the subject of a number of other reports. Canaccord Genuity Group cut shares of Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Raymond James Financial lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.20.

Ivanhoe Mines Stock Down 7.5%

Shares of Ivanhoe Mines stock opened at $8.41 on Tuesday. The company has a fifty day moving average price of $9.54 and a 200 day moving average price of $10.41. The company has a current ratio of 2.23, a quick ratio of 2.10 and a debt-to-equity ratio of 0.16. Ivanhoe Mines has a twelve month low of $6.50 and a twelve month high of $15.00. The stock has a market cap of $11.99 billion and a price-to-earnings ratio of 44.27.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Ivanhoe Mines had a net margin of 59.23% and a return on equity of 4.90%. The firm had revenue of $138.42 million during the quarter, compared to analysts’ expectations of $189.75 million.

Ivanhoe Mines Company Profile

Ivanhoe Mines is a Canada-based mineral exploration and development company focused on unlocking high-value deposits of copper, nickel, zinc, and platinum-group metals. The company pursues a two-pronged strategy of advancing large-scale mining projects through feasibility and development stages while also expanding its exploration footprint. Ivanhoe’s technical expertise spans geology, engineering, environmental management, and community relations, enabling it to secure the necessary permits and infrastructure for major mine developments.

The company’s flagship asset is the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), a joint venture with the government of the DRC and Zijin Mining.