FY2027 EPS Estimates for Ivanhoe Mines Boosted by Scotiabank

Key Points

• Scotiabank raised Ivanhoe Mines’ FY2027 EPS forecast to C$0.60 from C$0.51, though this remains below the broader consensus estimate of C$1.01.
• Ivanhoe Mines reported quarterly EPS of C$0.04 on revenue of C$216.83 million, with a 23.46% net margin and 2.32% return on equity.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus and an average price target of C$14.72; shares opened at C$10.49 and have traded between C$9.45 and C$20.34 over the past year.

Ivanhoe Mines Ltd. (TSE:IVN - Free Report) - Equities researchers at Scotiabank lifted their FY2027 EPS estimates for Ivanhoe Mines in a note issued to investors on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $0.60 for the year, up from their previous estimate of $0.51. The consensus estimate for Ivanhoe Mines' current full-year earnings is $1.01 per share.

Ivanhoe Mines (TSE:IVN - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$216.83 million during the quarter. Ivanhoe Mines had a net margin of 23.46% and a return on equity of 2.32%.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Ivanhoe Mines from C$15.00 to C$17.00 and gave the company a "buy" rating in a research note on Wednesday, September 9th. Canaccord Genuity Group increased their target price on shares of Ivanhoe Mines from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research report on Wednesday, September 9th. Morgan Stanley raised shares of Ivanhoe Mines from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from C$12.00 to C$13.20 in a research report on Wednesday, July 8th. Finally, Scotia raised their target price on Ivanhoe Mines from C$13.00 to C$13.50 and gave the company a "sector perform" rating in a report on Wednesday, September 9th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$14.72.

Ivanhoe Mines Stock Performance

Shares of IVN opened at C$10.49 on Thursday. The firm has a market cap of C$14.96 billion, a price-to-earnings ratio of 116.56 and a beta of 1.60. The company's fifty day moving average is C$11.93 and its 200-day moving average is C$11.52. The company has a quick ratio of 20.86, a current ratio of 2.16 and a debt-to-equity ratio of 21.70. Ivanhoe Mines has a 12 month low of C$9.45 and a 12 month high of C$20.34.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine in South Africa. Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration licences in the Western Forelands, covering an area over six times larger than the adjacent Kamoa-Kakula Copper Complex, including the high-grade discoveries in the Makoko District.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.