Ivanhoe Mines FY2027 EPS Forecast Decreased by Scotiabank

Key Points

• Scotiabank lowered its FY2027 EPS forecast for Ivanhoe Mines to $0.36 from $0.41 while maintaining a “Sector Perform” rating. The estimate remains above the current-year consensus of $0.31.
• Ivanhoe Mines reported quarterly EPS of $0.03, missing the $0.06 consensus, while revenue of $152.61 million fell short of analyst expectations of $202.11 million.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $15.20, compared with the stock’s recent opening price of $8.13.

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Free Report) - Equities researchers at Scotiabank cut their FY2027 EPS estimates for Ivanhoe Mines in a report released on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $0.36 per share for the year, down from their prior estimate of $0.41. Scotiabank currently has a "Sector Perform" rating on the stock. The consensus estimate for Ivanhoe Mines' current full-year earnings is $0.31 per share.

A number of other equities analysts have also commented on the company. Canaccord Genuity Group raised Ivanhoe Mines from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Morgan Stanley upgraded Ivanhoe Mines from a "negative" rating to an "overweight" rating in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Ivanhoe Mines in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.20.

Ivanhoe Mines Trading Down 0.2%

IVPAF stock opened at $8.13 on Friday. The business has a fifty day moving average price of $7.85 and a 200 day moving average price of $9.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.33 and a quick ratio of 2.16. Ivanhoe Mines has a fifty-two week low of $6.75 and a fifty-two week high of $15.00. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 90.39 and a beta of 0.97.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $152.61 million during the quarter, compared to analyst estimates of $202.11 million. Ivanhoe Mines had a return on equity of 5.10% and a net margin of 23.47%.

About Ivanhoe Mines

Ivanhoe Mines is a Canada-based mineral exploration and development company focused on unlocking high-value deposits of copper, nickel, zinc, and platinum-group metals. The company pursues a two-pronged strategy of advancing large-scale mining projects through feasibility and development stages while also expanding its exploration footprint. Ivanhoe's technical expertise spans geology, engineering, environmental management, and community relations, enabling it to secure the necessary permits and infrastructure for major mine developments.

The company's flagship asset is the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), a joint venture with the government of the DRC and Zijin Mining.

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