FY2025 EPS Estimates for Ivanhoe Mines Cut by Scotiabank

Ivanhoe Mines Ltd. (TSE:IVN - Free Report) - Equities research analysts at Scotiabank decreased their FY2025 earnings estimates for shares of Ivanhoe Mines in a research note issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $0.39 per share for the year, down from their prior 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.

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

Ivanhoe Mines Price Performance

TSE:IVN traded down C$0.38 during trading hours on Monday, reaching C$14.03. 1,773,039 shares of the company traded hands, compared to its average volume of 2,186,068. Ivanhoe Mines has a 1-year low of C$12.15 and a 1-year high of C$21.32. The stock has a market cap of C$13.30 billion, a P/E ratio of 84.82 and a beta of 1.94. The firm's 50-day moving average is C$15.32 and its 200-day moving average is C$17.32. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86.

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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.