FY2025 EPS Estimates for Ivanhoe Mines Reduced by Scotiabank

Ivanhoe Mines Ltd. (TSE:IVN) – Equities research analysts at Scotiabank cut their FY2025 earnings per share estimates for Ivanhoe Mines in a report released on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.39 per share for the year, down from their prior estimate of $0.63. Scotiabank has a “Outperform” rating and a $20.00 price objective on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

IVN has been the topic of several other research reports. TD Securities reduced their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Thursday, January 9th. UBS Group decreased their price objective on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Raymond James dropped their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Thursday, January 9th. Finally, Citigroup reduced their target price on Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ivanhoe Mines has a consensus rating of “Buy” and a consensus price target of C$23.18.

Ivanhoe Mines Price Performance

Ivanhoe Mines stock opened at C$15.10 on Monday. The business has a 50 day simple moving average of C$15.36 and a 200 day simple moving average of C$17.34. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86. The company has a market capitalization of C$14.32 billion, a PE ratio of 91.29 and a beta of 1.94. Ivanhoe Mines has a one year low of C$12.15 and a one year high of C$21.32.

About Ivanhoe Mines

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.