Ivanhoe Mines Ltd. (TSE:IVN – Free Report) – Analysts at Raymond James boosted their FY2024 EPS estimates for Ivanhoe Mines in a research note issued to investors on Wednesday, January 8th. Raymond James analyst F. Hamed now anticipates that the company will earn $0.24 per share for the year, up from their previous forecast of $0.22. Raymond James currently has a “Outperform” rating and a $24.00 target price on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.
Several other analysts also recently issued reports on IVN. Scotiabank lowered their price objective on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday, January 9th. TD Securities dropped their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Thursday, January 9th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$24.00.
Ivanhoe Mines Trading Down 3.5 %
Shares of IVN opened at C$16.67 on Monday. Ivanhoe Mines has a 12 month low of C$12.94 and a 12 month high of C$21.32. The stock’s 50-day moving average is C$18.17 and its two-hundred day moving average is C$18.18. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.17 and a quick ratio of 20.86. The stock has a market cap of C$22.50 billion, a PE ratio of 104.19 and a beta of 1.94.
Insider Activity
In related news, Director Jinghe Chen sold 60,288 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$19.00, for a total transaction of C$1,145,472.00. Also, Director Martie Cloete sold 2,800 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$18.56, for a total value of C$51,968.00. Over the last 90 days, insiders have sold 68,088 shares of company stock valued at $1,292,379. Insiders own 44.96% of the company’s stock.
Ivanhoe Mines Company Profile
Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.
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