Ivanhoe Mines Stock Earnings Estimates Boosted by Scotiabank

Ivanhoe Mines Ltd. (TSE:IVN) – Investment analysts at Scotiabank lifted their FY2027 earnings estimates for shares of Ivanhoe Mines in a research report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $0.60 for the year, up from their previous forecast of $0.51. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

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

A number of other research firms have also commented on IVN. Stifel Nicolaus lifted their price objective on Ivanhoe Mines from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Scotia boosted their price objective on Ivanhoe Mines from C$13.00 to C$13.50 and gave the stock a “sector perform” rating in a research report on Wednesday, September 9th. Morgan Stanley upgraded Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and increased their target price for the company from C$12.00 to C$13.20 in a research note on Wednesday, July 8th. Finally, Canaccord Genuity Group increased their target price on Ivanhoe Mines from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$14.72.

Ivanhoe Mines Stock Down 6.3%

IVN stock opened at C$10.49 on Thursday. The company has a debt-to-equity ratio of 21.70, a current ratio of 2.16 and a quick ratio of 20.86. Ivanhoe Mines has a 52-week low of C$9.45 and a 52-week high of C$20.34. The company has a 50-day moving average of C$11.93 and a two-hundred day moving average of C$11.52. The stock has a market capitalization of C$14.96 billion, a price-to-earnings ratio of 116.56 and a beta of 1.60.

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.