FY2025 EPS Estimates for Ivanhoe Mines Decreased by Analyst

Ivanhoe Mines Ltd. (TSE:IVN) – Equities research analysts at Raymond James decreased their FY2025 earnings estimates for Ivanhoe Mines in a research note issued on Wednesday, January 8th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.39 per share for the year, down from their previous forecast of $0.53. 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.

IVN has been the topic of several other research reports. TD Securities decreased their target price on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank decreased their price objective on Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$24.00.

Ivanhoe Mines Stock Up 0.5 %

Ivanhoe Mines stock opened at C$17.27 on Friday. The company’s 50-day moving average price is C$18.21 and its two-hundred day moving average price is C$18.18. The company has a quick ratio of 20.86, a current ratio of 1.17 and a debt-to-equity ratio of 4.24. The stock has a market cap of C$23.31 billion, a P/E ratio of 107.94 and a beta of 1.94. Ivanhoe Mines has a twelve month low of C$12.94 and a twelve month high of C$21.32.

Insider Buying and Selling at Ivanhoe Mines

In related news, Director Jinghe Chen sold 60,288 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were 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 firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$18.56, for a total transaction of C$51,968.00. Insiders sold 68,088 shares of company stock valued at $1,292,379 in the last three months. Corporate 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.