Ivanhoe Mines Ltd. (OTCMKTS:IVPAF – Free Report) – Research analysts at Scotiabank upped their FY2027 earnings per share estimates for shares of Ivanhoe Mines in a research note issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $0.42 per share for the year, up from their previous estimate of $0.36. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $0.28 per share.
A number of other brokerages also recently commented on IVPAF. Citigroup reissued a “buy” rating on shares of Ivanhoe Mines in a research report on Wednesday. Canaccord Genuity Group upgraded shares of Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ivanhoe Mines in a report on Wednesday, October 7th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Ivanhoe Mines in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.20.
Ivanhoe Mines Stock Performance
OTCMKTS IVPAF opened at $7.37 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.89 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $8.53 and its two-hundred day moving average price is $8.26. Ivanhoe Mines has a 1 year low of $6.75 and a 1 year high of $15.00. The firm has a market capitalization of $10.51 billion, a P/E ratio of 81.89 and a beta of 1.08.
Ivanhoe Mines (OTCMKTS:IVPAF – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $152.61 million for the quarter, compared to analyst estimates of $202.11 million. Ivanhoe Mines had a return on equity of 5.07% and a net margin of 23.47%.
Ivanhoe Mines Company Profile
Ivanhoe Mines Ltd. is a Canadian mining and mineral exploration company headquartered in Vancouver, British Columbia. The company focuses on the discovery, development and operation of mineral projects, with an emphasis on copper, zinc, nickel and platinum-group metals.
Its principal asset is the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo, one of the company’s flagship copper development and production projects. Ivanhoe Mines also operates the Kipushi zinc-copper-germanium-lead mine in the Democratic Republic of the Congo and is developing the Platreef project in South Africa, which is expected to produce nickel, copper, platinum, palladium, rhodium and gold.
Ivanhoe Mines was founded in 1993 by mining entrepreneur Robert Friedland and has built a portfolio concentrated in Southern and Central Africa.
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