Analysts Set Expectations for Ivanhoe Mines FY2027 Earnings

Ivanhoe Mines Ltd. (TSE:IVN) – Analysts at Scotiabank decreased their FY2027 EPS estimates for Ivanhoe Mines in a research note issued to investors on Thursday, May 14th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.32 per share for the year, down from their previous forecast of $0.38. 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.

Other research analysts have also issued research reports about the company. BMO Capital Markets lowered their price objective on Ivanhoe Mines from C$23.00 to C$16.00 in a report on Wednesday, April 1st. Canaccord Genuity Group decreased their target price on Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating for the company in a research report on Monday, April 6th. Royal Bank Of Canada lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Citigroup reduced their price objective on shares of Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, TD Securities decreased their price objective on shares of Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$14.60.

Ivanhoe Mines Price Performance

TSE IVN opened at C$12.53 on Friday. Ivanhoe Mines has a fifty-two week low of C$8.76 and a fifty-two week high of C$20.34. The stock’s 50-day moving average is C$11.84 and its two-hundred day moving average is C$14.02. The firm has a market cap of C$17.87 billion, a P/E ratio of 139.22 and a beta of 1.76. The company has a debt-to-equity ratio of 21.02, a current ratio of 2.33 and a quick ratio of 20.86.

Ivanhoe Mines (TSE:IVN) last released its quarterly earnings results on Wednesday, February 18th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$183.99 million for the quarter. Ivanhoe Mines had a net margin of 25.05% and a return on equity of 2.32%.

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.