FY2027 EPS Estimates for Ivanhoe Mines Lowered by Scotiabank

Key Points

• Scotiabank lowered Ivanhoe Mines’ FY2027 EPS estimate to $0.51 from $0.58 while maintaining a “Sector Perform” rating and a C$13.50 price target.
• 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 remains favorable overall, with a “Moderate Buy” consensus rating and an average price target of C$14.41; shares opened at C$11.39, down 0.3%.

Ivanhoe Mines Ltd. (TSE:IVN - Free Report) - Scotiabank lowered their FY2027 earnings per share (EPS) estimates for Ivanhoe Mines in a research note issued on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $0.51 per share for the year, down from their prior forecast of $0.58. Scotiabank has a "Sector Perform" rating and a $13.50 price objective on the stock. The consensus estimate for Ivanhoe Mines' current full-year earnings is $1.01 per share.

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

A number of other equities research analysts also recently weighed in on IVN. Canaccord Genuity Group raised Ivanhoe Mines from a "hold" rating to a "buy" rating and raised their price objective for the company from C$12.00 to C$13.00 in a research report on Tuesday, July 21st. Citigroup decreased their price target on shares of Ivanhoe Mines from C$18.00 to C$13.00 and set a "buy" rating for the company in a research report on Thursday, April 9th. Finally, Morgan Stanley raised shares of Ivanhoe Mines from an "equal weight" rating to an "overweight" rating and increased their price target for the company from C$12.00 to C$13.20 in a research report on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$14.41.

Ivanhoe Mines Trading Down 0.3%

Shares of TSE IVN opened at C$11.39 on Friday. The company has a debt-to-equity ratio of 21.70, a current ratio of 2.16 and a quick ratio of 20.86. The stock has a market capitalization of C$16.25 billion, a P/E ratio of 126.56 and a beta of 1.54. Ivanhoe Mines has a 1-year low of C$9.45 and a 1-year high of C$20.34. The business has a fifty day moving average price of C$11.05 and a 200 day moving average price of C$12.64.

Insider Activity

In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 5,200 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of C$11.45, for a total value of C$59,540.00. Following the completion of the sale, the director directly owned 77,922 shares in the company, valued at approximately C$892,206.90. This trade represents a 6.26% decrease in their ownership of the stock. Insiders sold 10,000 shares of company stock worth $114,554 over the last 90 days. Corporate insiders own 44.96% of the company's stock.

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.

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