Ivanhoe Mines Ltd. (TSE:IVN - Free Report) - Research analysts at Raymond James upped their Q4 2024 earnings estimates for Ivanhoe Mines in a report released on Monday, September 23rd. Raymond James analyst F. Hamed now forecasts that the company will earn $0.16 per share for the quarter, up from their prior estimate of $0.11. The consensus estimate for Ivanhoe Mines' current full-year earnings is $1.05 per share. Raymond James also issued estimates for Ivanhoe Mines' Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.19 EPS.
Several other research firms also recently issued reports on IVN. Canaccord Genuity Group increased their price objective on shares of Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd. Citigroup increased their price objective on shares of Ivanhoe Mines from C$15.00 to C$24.00 and gave the company a "buy" rating in a report on Thursday, June 20th. TD Securities raised their price target on shares of Ivanhoe Mines from C$23.00 to C$25.00 in a research note on Monday, July 22nd. Royal Bank of Canada decreased their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 10th. Finally, Scotiabank decreased their price target on shares of Ivanhoe Mines from C$23.00 to C$21.00 in a research note on Monday, August 19th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$24.20.
View Our Latest Research Report on Ivanhoe Mines
Ivanhoe Mines Price Performance
IVN traded down C$0.26 during midday trading on Wednesday, hitting C$19.21. 1,114,647 shares of the company traded hands, compared to its average volume of 2,278,283. The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24. The company has a market capitalization of C$25.93 billion, a price-to-earnings ratio of 120.06 and a beta of 1.93. Ivanhoe Mines has a 52-week low of C$9.89 and a 52-week high of C$21.32. The business has a 50 day simple moving average of C$17.42 and a two-hundred day simple moving average of C$17.96.
Ivanhoe Mines (TSE:IVN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.07 by C$0.01.
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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