Brokers Set Expectations for Ivanhoe Mines FY2027 Earnings

Ivanhoe Mines Ltd. (TSE:IVN) – Stock analysts at Scotiabank increased their FY2027 earnings per share estimates for shares of Ivanhoe Mines in a report issued on Wednesday, July 15th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $0.58 for the year, up from their prior estimate of $0.55. Scotiabank currently has a “Sector Perform” rating and a $13.50 price target on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

IVN has been the topic of a number of other research reports. Morgan Stanley upgraded Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from C$12.00 to C$13.20 in a research note on Wednesday, July 8th. Canaccord Genuity Group lowered their target price on shares of Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating for the company in a research note on Monday, April 6th. Citigroup cut their price target on shares of Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. TD Securities reduced their price target on shares of Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, BMO Capital Markets decreased their price objective on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a report on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Ivanhoe Mines has a consensus rating of “Hold” and an average price target of C$14.24.

Ivanhoe Mines Price Performance

IVN opened at C$9.81 on Friday. The business has a fifty day moving average of C$11.41 and a 200 day moving average of C$13.21. The stock has a market cap of C$13.99 billion, a P/E ratio of 109.00 and a beta of 1.58. The company has a quick ratio of 20.86, a current ratio of 2.33 and a debt-to-equity ratio of 21.02. Ivanhoe Mines has a 52-week low of C$9.45 and a 52-week high of C$20.34.

Insider Transactions at Ivanhoe Mines

In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 5,200 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$11.45, for a total transaction of C$59,540.00. Following the transaction, the director directly owned 77,922 shares in the company, valued at C$892,206.90. This trade represents a 6.26% decrease in their position. Insiders sold a total of 10,000 shares of company stock valued at $114,554 over the last quarter. 44.96% of the stock is owned by corporate insiders.

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.