Scotiabank Reduces Earnings Estimates for Ivanhoe Mines

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

A number of other brokerages have also issued reports on IVN. UBS Group decreased their target price on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research report on Friday, February 21st. Raymond James dropped their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. Citigroup decreased 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. Finally, TD Securities decreased their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Thursday, January 9th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$23.18.

Ivanhoe Mines Trading Up 1.7 %

Shares of IVN stock opened at C$14.95 on Monday. The firm has a market capitalization of C$14.17 billion, a PE ratio of 90.39 and a beta of 1.94. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36. Ivanhoe Mines has a 1 year low of C$12.15 and a 1 year high of C$21.32. The stock has a fifty day moving average of C$15.39 and a two-hundred day moving average of C$17.36.

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.