Ivanhoe Mines (TSE:IVN - Get Free Report) is set to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Ivanhoe Mines to post earnings of C$0.03 per share for the quarter.
Ivanhoe Mines (TSE:IVN - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.05).
Ivanhoe Mines Stock Performance
Shares of TSE:IVN traded down C$0.89 during trading on Tuesday, hitting C$18.14. 6,649,939 shares of the company were exchanged, compared to its average volume of 2,127,545. The company has a debt-to-equity ratio of 18.08, a current ratio of 3.28 and a quick ratio of 20.86. Ivanhoe Mines has a 52-week low of C$9.89 and a 52-week high of C$19.99. The company has a market cap of C$23.04 billion, a PE ratio of 51.22 and a beta of 2.00. The stock has a 50 day moving average of C$15.93 and a 200 day moving average of C$13.53.
Insider Activity at Ivanhoe Mines
In related news, Senior Officer Mary Vincelli sold 5,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total value of C$77,350.00. In other news, Senior Officer Mary Vincelli sold 5,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total transaction of C$77,350.00. Also, Director Setha Patricia Makhesha sold 3,295 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total value of C$47,102.03. 50.86% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on IVN shares. Eight Capital increased their price objective on Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday. Raymond James increased their price objective on Ivanhoe Mines from C$19.00 to C$21.00 in a research report on Tuesday. Bank of America increased their price objective on Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. TD Securities increased their price objective on Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Finally, Canaccord Genuity Group increased their price objective on Ivanhoe Mines from C$16.00 to C$21.00 in a research report on Wednesday, April 17th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$19.94.
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About Ivanhoe Mines
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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.
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