Ivanhoe Mines Stock Gets Higher EPS Forecast from Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS forecast for Ivanhoe Mines to $0.42 from $0.36, while maintaining a “Sector Perform” rating. The stock has a consensus “Moderate Buy” rating and an average price target of $15.20.
• Ivanhoe Mines shares opened at $7.37 after declining 6.5%, well below their 52-week high of $15.00. The company has a market capitalization of approximately $10.51 billion.
• The company’s latest quarterly results fell short of expectations, with EPS of $0.03 versus a $0.06 consensus estimate and revenue of $152.61 million compared with expectations of $202.11 million.

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Free Report) - Investment analysts at Scotiabank increased their FY2027 earnings per share (EPS) estimates for Ivanhoe Mines in a report released on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $0.42 per share for the year, up from their previous forecast of $0.36. Scotiabank currently has a "Sector Perform" rating on the stock. The consensus estimate for Ivanhoe Mines' current full-year earnings is $0.28 per share.

IVPAF has been the subject of several other reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Ivanhoe Mines in a research note on Wednesday, October 7th. Canaccord Genuity Group raised shares of Ivanhoe Mines from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. Jefferies Financial Group reissued a "hold" rating on shares of Ivanhoe Mines in a research report on Monday, July 6th. Finally, Citigroup restated a "buy" rating on shares of Ivanhoe Mines in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.20.

Ivanhoe Mines Trading Down 6.5%

OTCMKTS IVPAF opened at $7.37 on Thursday. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 81.89 and a beta of 1.08. The stock's 50 day moving average price is $8.53 and its two-hundred day moving average price is $8.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.89 and a current ratio of 2.16. Ivanhoe Mines has a 52 week low of $6.75 and a 52 week high of $15.00.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Ivanhoe Mines had a return on equity of 5.07% and a net margin of 23.47%. The firm had revenue of $152.61 million for the quarter, compared to the consensus estimate of $202.11 million.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. is a Canadian mining and mineral exploration company headquartered in Vancouver, British Columbia. The company focuses on the discovery, development and operation of mineral projects, with an emphasis on copper, zinc, nickel and platinum-group metals.

Its principal asset is the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo, one of the company's flagship copper development and production projects. Ivanhoe Mines also operates the Kipushi zinc-copper-germanium-lead mine in the Democratic Republic of the Congo and is developing the Platreef project in South Africa, which is expected to produce nickel, copper, platinum, palladium, rhodium and gold.

Ivanhoe Mines was founded in 1993 by mining entrepreneur Robert Friedland and has built a portfolio concentrated in Southern and Central Africa.

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