FY2027 EPS Estimates for Ivanhoe Mines Cut by Analyst

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) – Research analysts at Scotiabank cut their FY2027 earnings estimates for shares of Ivanhoe Mines in a note issued to investors on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $0.36 per share for the year, down from their prior estimate of $0.41. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $0.31 per share.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its earnings results on Wednesday, July 29th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $152.61 million for the quarter, compared to the consensus estimate of $202.11 million. Ivanhoe Mines had a net margin of 23.47% and a return on equity of 5.10%.

IVPAF has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ivanhoe Mines in a research note on Monday, July 6th. Morgan Stanley raised Ivanhoe Mines from a “negative” rating to an “overweight” rating in a research note on Wednesday, July 8th. Finally, Canaccord Genuity Group upgraded Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ivanhoe Mines presently has a consensus rating of “Moderate Buy” and an average target price of $15.20.

Ivanhoe Mines Stock Performance

IVPAF stock opened at $8.13 on Friday. Ivanhoe Mines has a twelve month low of $6.75 and a twelve month high of $15.00. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.17. The company has a market cap of $11.60 billion, a P/E ratio of 90.39 and a beta of 0.97. The business’s fifty day moving average is $7.85 and its 200-day moving average is $9.15.

About Ivanhoe Mines

Ivanhoe Mines is a Canada-based mineral exploration and development company focused on unlocking high-value deposits of copper, nickel, zinc, and platinum-group metals. The company pursues a two-pronged strategy of advancing large-scale mining projects through feasibility and development stages while also expanding its exploration footprint. Ivanhoe’s technical expertise spans geology, engineering, environmental management, and community relations, enabling it to secure the necessary permits and infrastructure for major mine developments.

The company’s flagship asset is the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), a joint venture with the government of the DRC and Zijin Mining.