Stifel Canada Forecasts Stronger Earnings for Ivanhoe Mines

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) – Research analysts at Stifel Canada lifted their FY2026 EPS estimates for Ivanhoe Mines in a research report issued to clients and investors on Tuesday, October 21st. Stifel Canada analyst R. Profiti now forecasts that the company will post earnings per share of $0.36 for the year, up from their previous estimate of $0.29. Stifel Canada has a “Strong-Buy” rating on the stock. Stifel Canada also issued estimates for Ivanhoe Mines’ FY2027 earnings at $0.53 EPS.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 8th. TD Securities reaffirmed a “buy” rating on shares of Ivanhoe Mines in a research report on Monday, September 29th. Raymond James Financial upgraded shares of Ivanhoe Mines to a “moderate buy” rating in a research note on Monday, June 30th. Finally, Scotiabank upgraded shares of Ivanhoe Mines from a “hold” rating to an “outperform” rating in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Ivanhoe Mines Stock Up 1.9%

IVPAF opened at $10.60 on Friday. Ivanhoe Mines has a 12 month low of $6.50 and a 12 month high of $15.00. The firm’s fifty day simple moving average is $9.73 and its 200 day simple moving average is $8.91.

Ivanhoe Mines (OTCMKTS:IVPAF) last posted its earnings results on Wednesday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $96.76 million for the quarter, compared to the consensus estimate of $101.84 million.

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.