FY2025 EPS Estimates for Ivanhoe Mines Lowered by Scotiabank

Ivanhoe Mines Ltd. (TSE:IVN) – Equities research analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for shares of Ivanhoe Mines in a report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $0.39 per share for the year, down from their previous estimate of $0.63. Scotiabank has a “Outperform” rating and a $20.00 price target on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

Several other analysts also recently weighed in on IVN. UBS Group decreased their target price on Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Citigroup reduced their price objective on Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Raymond James dropped their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Finally, TD Securities cut their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a research note on Thursday, January 9th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ivanhoe Mines currently has an average rating of “Buy” and an average target price of C$23.18.

Ivanhoe Mines Trading Up 1.0 %

Shares of IVN stock opened at C$15.10 on Monday. Ivanhoe Mines has a 12 month low of C$12.15 and a 12 month high of C$21.32. The company has a market cap of C$14.32 billion, a PE ratio of 91.29 and a beta of 1.94. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The business’s 50 day moving average is C$15.36 and its two-hundred day moving average is C$17.34.

About Ivanhoe Mines

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.