Ivanhoe Mines Ltd. (TSE:IVN - Free Report) - Stock analysts at Scotiabank reduced their FY2024 EPS estimates for shares of Ivanhoe Mines in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $0.34 per share for the year, down from their previous forecast of $0.35. Scotiabank has a "Outperform" rating and a $20.00 price objective on the stock. The consensus estimate for Ivanhoe Mines' current full-year earnings is $1.01 per share. Scotiabank also issued estimates for Ivanhoe Mines' FY2025 earnings at $0.63 EPS.
A number of other research firms have also weighed in on IVN. TD Securities decreased their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a "buy" rating on the stock in a research note on Thursday. Raymond James reduced their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research report on Thursday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$24.00.
View Our Latest Report on Ivanhoe Mines
Ivanhoe Mines Price Performance
IVN traded up C$0.27 on Thursday, reaching C$17.19. 979,623 shares of the company's stock were exchanged, compared to its average volume of 1,272,907. Ivanhoe Mines has a twelve month low of C$12.94 and a twelve month high of C$21.32. The stock has a market cap of C$23.21 billion, a PE ratio of 107.44 and a beta of 1.94. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.17 and a quick ratio of 20.86. The stock's fifty day moving average price is C$18.30 and its 200-day moving average price is C$18.19.
Insider Activity
In other Ivanhoe Mines news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of Ivanhoe Mines stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$19.00, for a total value of C$91,200.00. Also, Director Martie Cloete sold 2,800 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$18.56, for a total transaction of C$51,968.00. Insiders have sold a total of 68,088 shares of company stock valued at $1,292,379 in the last quarter. Insiders own 44.96% of the company's stock.
About Ivanhoe Mines
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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.
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