FY2027 EPS Estimates for Ivanhoe Mines Reduced by Analyst

Ivanhoe Mines Ltd. (TSE:IVN) – Scotiabank cut their FY2027 earnings per share (EPS) estimates for Ivanhoe Mines in a research note issued to investors on Friday, April 17th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $0.38 per share for the year, down from their previous estimate of $0.40. 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 released its quarterly earnings data on Wednesday, February 18th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$183.99 million during the quarter. Ivanhoe Mines had a return on equity of 4.76% and a net margin of 59.26%.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$23.00 to C$17.00 in a report on Wednesday, April 1st. Royal Bank Of Canada downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Monday, April 6th. TD Securities decreased their price objective 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. Canaccord Genuity Group decreased their price objective on 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. Finally, Citigroup decreased their price objective on Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$14.60.

Ivanhoe Mines Trading Down 7.3%

TSE IVN opened at C$11.49 on Tuesday. The company has a market cap of C$16.38 billion, a price-to-earnings ratio of 60.47 and a beta of 1.74. Ivanhoe Mines has a 52 week low of C$8.76 and a 52 week high of C$20.34. The business has a 50 day moving average price of C$13.09 and a 200-day moving average price of C$14.38. The company has a quick ratio of 20.86, a current ratio of 2.23 and a debt-to-equity ratio of 21.62.

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.