FY2027 EPS Estimates for Ivanhoe Mines Reduced by Scotiabank

Ivanhoe Mines Ltd. (TSE:IVN) – Research analysts at Scotiabank reduced their FY2027 earnings per share (EPS) estimates for Ivanhoe Mines in a report issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $0.38 for the year, down from their previous estimate of $0.40. Scotiabank has a “Hold” rating and a $14.50 price objective on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.06 EPS for the quarter. The business had revenue of C$183.99 million during the quarter. Ivanhoe Mines had a return on equity of 4.76% and a net margin of 59.26%.

Several other equities analysts have also commented on IVN. Royal Bank Of Canada lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. TD Securities lowered their price objective on Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. BMO Capital Markets lowered their price objective on Ivanhoe Mines from C$23.00 to C$16.00 in a research report on Wednesday, April 1st. Citigroup lowered their price objective on Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Finally, Raymond James Financial lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and lowered their price objective for the company from C$23.00 to C$17.00 in a research report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$14.60.

Ivanhoe Mines Stock Performance

Shares of Ivanhoe Mines stock opened at C$12.39 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 20.86 and a debt-to-equity ratio of 21.62. The firm has a market capitalization of C$17.67 billion, a P/E ratio of 65.21 and a beta of 1.74. The business has a fifty day simple moving average of C$13.21 and a two-hundred day simple moving average of C$14.40. Ivanhoe Mines has a 12 month low of C$8.76 and a 12 month high of C$20.34.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd is a mineral exploration and development company. The company, together with its subsidiaries, explores, develops, and recovers minerals and precious gems from its property interests located in Africa. The group explores platinum, nickel, copper, gold, silver, cobalt, iron, vanadium, and chrome. It operates in four segments: Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company’s treasury offices.