Brokers Offer Predictions for Ivanhoe Mines FY2027 Earnings

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) – Investment analysts at Scotiabank cut their FY2027 earnings estimates for Ivanhoe Mines in a report issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.28 per share for the year, down from their previous forecast of $0.29. Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $0.25 per share.

IVPAF has been the topic of a number of other research reports. Raymond James Financial cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Canaccord Genuity Group cut shares of Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Royal Bank Of Canada cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.20.

Ivanhoe Mines Stock Performance

Shares of Ivanhoe Mines stock opened at $9.09 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.23 and a debt-to-equity ratio of 0.16. Ivanhoe Mines has a twelve month low of $6.50 and a twelve month high of $15.00. The stock has a market cap of $12.97 billion and a price-to-earnings ratio of 47.85. The company’s fifty day moving average is $9.63 and its 200 day moving average is $10.43.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Ivanhoe Mines had a net margin of 59.23% and a return on equity of 4.90%. The company had revenue of $138.42 million for the quarter, compared to analysts’ expectations of $189.75 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.