Ivanhoe Mines (IVN) to Release Earnings on Wednesday

Ivanhoe Mines (TSE:IVN - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect Ivanhoe Mines to post earnings of C$0.11 per share for the quarter.

Ivanhoe Mines (TSE:IVN - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.07 by C$0.01.

Ivanhoe Mines Stock Performance

Shares of TSE IVN traded down C$0.08 during mid-day trading on Friday, hitting C$19.25. 1,584,642 shares of the company were exchanged, compared to its average volume of 2,217,887. The company has a quick ratio of 20.86, a current ratio of 1.17 and a debt-to-equity ratio of 4.24. The firm has a market cap of C$25.99 billion, a price-to-earnings ratio of 120.81 and a beta of 1.94. The stock has a 50 day simple moving average of C$18.45 and a 200-day simple moving average of C$18.48. Ivanhoe Mines has a 1-year low of C$9.89 and a 1-year high of C$21.32.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada dropped 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. Jefferies Financial Group increased their target price on Ivanhoe Mines from C$25.00 to C$26.00 in a research note on Friday, July 12th. Canaccord Genuity Group upped their price objective on Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd. Scotiabank boosted their target price on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Finally, TD Securities raised their price objective on shares of Ivanhoe Mines from C$23.00 to C$25.00 in a research note on Monday, July 22nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Ivanhoe Mines presently has an average rating of "Buy" and a consensus price target of C$24.30.

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.