FY2027 EPS Estimates for Ivanhoe Mines Boosted by Scotiabank

Ivanhoe Mines Ltd. (TSE:IVN) – Scotiabank lifted their FY2027 EPS estimates for shares of Ivanhoe Mines in a report released on Wednesday, July 15th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $0.58 per share for the year, up from their previous forecast of $0.55. Scotiabank currently has a “Sector Perform” rating and a $13.50 price objective on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

IVN has been the topic of a number of other research reports. Royal Bank Of Canada downgraded shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. BMO Capital Markets reduced their price objective on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a research report on Wednesday, April 1st. Citigroup decreased 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. TD Securities dropped their target price 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. Finally, Canaccord Genuity Group cut their price target on shares of Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating on the stock in a report on Monday, April 6th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Ivanhoe Mines has a consensus rating of “Hold” and an average target price of C$14.24.

Ivanhoe Mines Trading Down 1.7%

Shares of IVN stock opened at C$9.81 on Friday. The stock has a market capitalization of C$13.99 billion, a price-to-earnings ratio of 109.00 and a beta of 1.58. The stock’s 50-day moving average price is C$11.41 and its 200-day moving average price is C$13.21. The company has a current ratio of 2.33, a quick ratio of 20.86 and a debt-to-equity ratio of 21.02. Ivanhoe Mines has a 12-month low of C$9.45 and a 12-month high of C$20.34.

Insider Buying and Selling at Ivanhoe Mines

In related news, Director Setha Patricia Makhesha sold 5,200 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$11.45, for a total transaction of C$59,540.00. Following the completion of the sale, the director directly owned 77,922 shares in the company, valued at C$892,206.90. This represents a 6.26% decrease in their position. In the last three months, insiders sold 10,000 shares of company stock worth $114,554. Corporate insiders own 44.96% of the company’s stock.

About Ivanhoe Mines

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.