FY2025 EPS Forecast for Ivanhoe Mines Reduced by Analyst

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

Several other research analysts have also commented on the company. TD Securities reduced their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank decreased their target price on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$24.00.

Ivanhoe Mines Stock Performance

Shares of Ivanhoe Mines stock opened at C$17.27 on Friday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. The business’s 50 day moving average price is C$18.21 and its 200 day moving average price is C$18.18. The company has a market cap of C$23.31 billion, a price-to-earnings ratio of 107.94 and a beta of 1.94. Ivanhoe Mines has a one year low of C$12.94 and a one year high of C$21.32.

Insider Activity

In related news, Director Jinghe Chen sold 60,288 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$19.00, for a total transaction of C$1,145,472.00. Also, Director Martie Cloete sold 2,800 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$18.56, for a total transaction of C$51,968.00. In the last three months, insiders have sold 68,088 shares of company stock valued at $1,292,379. Company insiders own 44.96% of the company’s stock.

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.