FY2027 EPS Estimates for Ivanhoe Mines Boosted by Scotiabank

Ivanhoe Mines Ltd. (TSE:IVN) – Scotiabank upped their FY2027 earnings per share (EPS) estimates for Ivanhoe Mines in a research report issued on Wednesday, July 15th. Scotiabank analyst O. Wowkodaw now expects 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 target price on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

IVN has been the topic of several other research reports. Citigroup cut their price objective on Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Morgan Stanley upgraded shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from C$12.00 to C$13.20 in a report on Wednesday, July 8th. BMO Capital Markets dropped their target price on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a research report on Wednesday, April 1st. Royal Bank Of Canada lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, TD Securities reduced their price target on shares of 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. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Ivanhoe Mines presently has an average rating of “Hold” and a consensus target price of C$14.24.

Ivanhoe Mines Trading Down 4.9%

TSE:IVN opened at C$9.98 on Friday. The company has a quick ratio of 20.86, a current ratio of 2.33 and a debt-to-equity ratio of 21.02. Ivanhoe Mines has a 1-year low of C$9.77 and a 1-year high of C$20.34. The firm has a market capitalization of C$14.23 billion, a price-to-earnings ratio of 110.89 and a beta of 1.58. The stock has a fifty day simple moving average of C$11.45 and a 200 day simple moving average of C$13.23.

Insider Transactions at Ivanhoe Mines

In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 5,200 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$11.45, for a total value of C$59,540.00. Following the completion of the sale, the director 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 have sold 10,000 shares of company stock valued at $114,554. 44.96% of the stock is owned by corporate insiders.

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.