Ivanhoe Mines Ltd. (TSE:IVN - Free Report) - Research analysts at Raymond James issued their Q3 2024 earnings per share estimates for Ivanhoe Mines in a report released on Monday, September 23rd. Raymond James analyst F. Hamed anticipates that the company will earn $0.10 per share for the quarter. The consensus estimate for Ivanhoe Mines' current full-year earnings is $1.05 per share. Raymond James also issued estimates for Ivanhoe Mines' FY2024 earnings at $0.27 EPS and FY2025 earnings at $0.65 EPS.
Several other equities analysts have also commented on the company. Canaccord Genuity Group upped their target price on Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd. TD Securities upped their target price on Ivanhoe Mines from C$23.00 to C$25.00 in a report on Monday, July 22nd. Scotiabank lowered their target price on Ivanhoe Mines from C$23.00 to C$21.00 in a report on Monday, August 19th. Citigroup upped their target price on Ivanhoe Mines from C$15.00 to C$24.00 and gave the company a "buy" rating in a report on Thursday, June 20th. Finally, Jefferies Financial Group increased their price objective on Ivanhoe Mines from C$25.00 to C$26.00 in a report on Friday, July 12th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$24.20.
View Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Stock Up 5.7 %
TSE IVN traded up C$1.10 on Thursday, hitting C$20.31. 3,025,235 shares of the stock traded hands, compared to its average volume of 2,282,277. The company has a market capitalization of C$27.42 billion, a P/E ratio of 126.94 and a beta of 1.93. The stock has a 50-day moving average of C$17.42 and a 200 day moving average of C$17.96. Ivanhoe Mines has a twelve month low of C$9.89 and a twelve month high of C$21.32. The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24.
Ivanhoe Mines (TSE:IVN - Get Free Report) last announced 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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