Raymond James Reduces Earnings Estimates for Ivanhoe Mines

Ivanhoe Mines Ltd. (TSE:IVN) – Stock analysts at Raymond James decreased their FY2025 earnings per share estimates for Ivanhoe Mines in a report released on Wednesday, January 8th. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.39 for the year, down from their previous forecast 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.

Several other research analysts also recently issued reports on IVN. Scotiabank lowered their price target on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities lowered 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$24.00.

Ivanhoe Mines Price Performance

IVN stock opened at C$17.27 on Friday. Ivanhoe Mines has a 1 year low of C$12.94 and a 1 year high of C$21.32. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.17 and a quick ratio of 20.86. The stock has a market cap of C$23.31 billion, a price-to-earnings ratio of 107.94 and a beta of 1.94. The company has a 50 day simple moving average of C$18.21 and a 200 day simple moving average of C$18.18.

Insider Activity at Ivanhoe Mines

In related news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of Ivanhoe Mines stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$19.00, for a total transaction of C$91,200.00. Also, Director Jinghe Chen sold 60,288 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$19.00, for a total transaction of C$1,145,472.00. Insiders sold 68,088 shares of company stock worth $1,292,379 over the last three months. 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.