FY2025 EPS Estimates for Ivanhoe Mines Reduced by Analyst

Ivanhoe Mines Ltd. (TSE:IVN) – Equities research analysts at Raymond James reduced their FY2025 earnings per share estimates for Ivanhoe Mines in a report issued on Wednesday, January 8th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.39 per share for the year, down from their prior estimate of $0.53. Raymond James has a “Outperform” rating and a $24.00 price target on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

Other equities research analysts also recently issued research reports about the company. TD Securities dropped their target price on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Thursday. Scotiabank decreased their price objective on Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Thursday. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$24.00.

Ivanhoe Mines Stock Up 1.6 %

TSE:IVN opened at C$17.19 on Friday. The stock has a 50-day simple moving average of C$18.26 and a 200 day simple moving average of C$18.18. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. Ivanhoe Mines has a 52-week low of C$12.94 and a 52-week high of C$21.32. The company has a market cap of C$23.21 billion, a PE ratio of 107.44 and a beta of 1.94.

Insider Transactions at Ivanhoe Mines

In other news, Director Martie Cloete sold 2,800 shares of Ivanhoe Mines stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$18.56, for a total value of C$51,968.00. Also, Senior Officer Chao (Peter) Zhou sold 4,800 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$19.00, for a total value of C$91,200.00. Insiders have sold 68,088 shares of company stock worth $1,292,379 in the last quarter. Company insiders own 44.96% of the company’s stock.

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.