Ivanhoe Mines (IVN) Set to Announce Earnings on Tuesday

Ivanhoe Mines (TSE:IVN) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of C($0.01) per share for the quarter.

Ivanhoe Mines (TSE:IVN) last issued its earnings results on Monday, February 26th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.05).

Ivanhoe Mines Stock Up 5.9 %

Shares of TSE:IVN opened at C$20.36 on Monday. Ivanhoe Mines has a 52-week low of C$9.89 and a 52-week high of C$20.45. The business has a fifty day moving average of C$16.31 and a two-hundred day moving average of C$13.75. The stock has a market cap of C$25.86 billion, a P/E ratio of 56.56 and a beta of 2.00. The company has a quick ratio of 20.86, a current ratio of 3.28 and a debt-to-equity ratio of 18.08.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Raymond James upped their price target on Ivanhoe Mines from C$19.00 to C$21.00 in a research note on Tuesday, April 23rd. Eight Capital upped their price target on Ivanhoe Mines from C$19.00 to C$30.00 in a report on Monday, April 22nd. Canaccord Genuity Group increased their price objective on Ivanhoe Mines from C$16.00 to C$21.00 in a report on Wednesday, April 17th. Bank of America increased their price objective on Ivanhoe Mines from C$15.50 to C$21.00 in a report on Tuesday, April 9th. Finally, TD Securities raised their price target on Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$19.94.

Insider Activity

In related news, Senior Officer Mary Vincelli sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total value of C$77,350.00. In related news, Director Setha Patricia Makhesha sold 3,295 shares of Ivanhoe Mines stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total transaction of C$47,102.03. Also, Senior Officer Mary Vincelli sold 5,000 shares of Ivanhoe Mines stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total value of C$77,350.00. Corporate insiders own 50.86% of the company’s stock.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals 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.