FY2027 EPS Estimates for Ivanhoe Mines Reduced by Analyst

Ivanhoe Mines Ltd. (TSE:IVN) – Equities research analysts at Scotiabank reduced their FY2027 earnings per share (EPS) estimates for Ivanhoe Mines in a report issued on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $0.51 per share for the year, down from their prior forecast of $0.58. Scotiabank currently has a “Sector Perform” rating and a $13.50 target price on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

Several other brokerages have also issued reports on IVN. Citigroup dropped their target price on shares of Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Morgan Stanley upgraded shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from C$12.00 to C$13.20 in a research report on Wednesday, July 8th. Finally, Canaccord Genuity Group raised shares of Ivanhoe Mines from a “hold” rating to a “buy” rating and raised their price target for the company from C$12.00 to C$13.00 in a research note on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$14.41.

Ivanhoe Mines Stock Performance

TSE:IVN opened at C$11.39 on Friday. The company has a debt-to-equity ratio of 21.70, a quick ratio of 20.86 and a current ratio of 2.16. The company has a fifty day moving average of C$11.05 and a two-hundred day moving average of C$12.64. The stock has a market capitalization of C$16.25 billion, a PE ratio of 126.56 and a beta of 1.54. Ivanhoe Mines has a fifty-two week low of C$9.45 and a fifty-two week high of C$20.34.

Ivanhoe Mines (TSE:IVN) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$216.83 million for the quarter. Ivanhoe Mines had a net margin of 23.46% and a return on equity of 2.32%.

Insiders Place Their Bets

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 value of C$59,540.00. Following the transaction, the director owned 77,922 shares in the company, valued at approximately C$892,206.90. This trade represents a 6.26% decrease in their position. In the last 90 days, insiders sold 10,000 shares of company stock valued at $114,554. Company insiders own 44.96% of the company’s stock.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine in South Africa. Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration licences in the Western Forelands, covering an area over six times larger than the adjacent Kamoa-Kakula Copper Complex, including the high-grade discoveries in the Makoko District.