FY2027 EPS Estimates for Ivanhoe Mines Boosted by Scotiabank

Ivanhoe Mines Ltd. (TSE:IVN) – Investment analysts at Scotiabank raised their FY2027 earnings per share (EPS) estimates for shares of Ivanhoe Mines in a research note issued on Thursday, June 18th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $0.55 per share for the year, up from their prior forecast of $0.32. Scotiabank 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.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus reduced their price target on shares of Ivanhoe Mines from C$22.00 to C$15.00 in a research report on Wednesday, April 1st. Citigroup lowered their price objective on shares of Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Raymond James Financial cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and dropped their target price for the company from C$23.00 to C$17.00 in a research note on Wednesday, April 1st. Canaccord Genuity Group reduced their target price on shares of 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. Finally, Royal Bank Of Canada lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Ivanhoe Mines presently has an average rating of “Hold” and an average price target of C$14.38.

Ivanhoe Mines Stock Performance

Shares of Ivanhoe Mines stock opened at C$11.64 on Monday. The firm has a market cap of C$16.60 billion, a PE ratio of 129.33 and a beta of 1.60. Ivanhoe Mines has a 1 year low of C$10.01 and a 1 year high of C$20.34. The company has a debt-to-equity ratio of 21.02, a current ratio of 2.33 and a quick ratio of 20.86. The stock has a fifty day moving average price of C$11.86 and a 200-day moving average price of C$13.75.

Insider Activity

In other news, Director Setha Patricia Makhesha sold 5,200 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$11.45, for a total value of C$59,540.00. Following the completion of the transaction, the director directly owned 77,922 shares of the company’s stock, valued at C$892,206.90. This trade represents a 6.26% decrease in their ownership of the stock. Insiders sold a total of 10,000 shares of company stock worth $114,554 in the last quarter. 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.