FY2027 EPS Estimates for Ivanhoe Mines Boosted by Scotiabank

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) – Equities research analysts at Scotiabank boosted their FY2027 earnings estimates for Ivanhoe Mines in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.41 per share for the year, up from their prior forecast of $0.39. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $0.32 per share.

Several other analysts have also recently commented on the company. Morgan Stanley raised Ivanhoe Mines from a “negative” rating to an “overweight” rating in a report on Wednesday, July 8th. Royal Bank Of Canada lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Monday, April 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Ivanhoe Mines in a research report on Monday, July 6th. Finally, Raymond James Financial downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.20.

Ivanhoe Mines Stock Performance

OTCMKTS IVPAF opened at $7.00 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.16 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $8.15 and its two-hundred day moving average is $9.57. Ivanhoe Mines has a 12-month low of $6.75 and a 12-month high of $15.00. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 77.79 and a beta of 0.90.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Ivanhoe Mines had a net margin of 24.86% and a return on equity of 5.14%. The firm had revenue of $165.53 million during the quarter, compared to the consensus estimate of $186.31 million.

About Ivanhoe Mines

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.