Ivanhoe Mines (IVPAF) Projected to Release Quarterly Earnings on Tuesday

Key Points

• Ivanhoe Mines is expected to report quarterly results after market close on Tuesday, November 3. Analysts project earnings of $0.09 per share and revenue of $283.50 million.
• The company’s previous quarter fell short of expectations, with EPS of $0.03 versus a $0.06 consensus and revenue of $152.61 million versus $202.11 million expected. Analysts forecast full-year EPS of $0.30 and next-year EPS of $0.43.
• Ivanhoe Mines shares opened at $6.55, compared with a 12-month range of $6.30 to $15.00. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $15.20.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) will likely be announcing its results after the market closes on Tuesday, November 3rd. Analysts expect the company to announce earnings of $0.09 per share and revenue of $283.50 million for the quarter.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $152.61 million during the quarter, compared to the consensus estimate of $202.11 million. Ivanhoe Mines had a net margin of 23.47% and a return on equity of 5.07%. On average, analysts expect Ivanhoe Mines to post $0.30 EPS for the current fiscal year and $0.43 EPS for the next fiscal year.

Ivanhoe Mines Price Performance

OTCMKTS:IVPAF opened at $6.55 on Tuesday. Ivanhoe Mines has a twelve month low of $6.30 and a twelve month high of $15.00. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 72.74 and a beta of 1.08. The stock's 50 day moving average price is $8.31 and its two-hundred day moving average price is $9.01. The company has a quick ratio of 1.89, a current ratio of 2.16 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on IVPAF shares. Scotiabank reissued a "sector perform" rating on shares of Ivanhoe Mines in a report on Wednesday, September 9th. 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. Morgan Stanley reiterated an "overweight" rating on shares of Ivanhoe Mines in a report on Wednesday, October 7th. Jefferies Financial Group reiterated a "hold" rating on shares of Ivanhoe Mines in a research note on Monday, July 6th. Finally, Citigroup reiterated a "buy" rating on shares of Ivanhoe Mines in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.20.

About Ivanhoe Mines

Ivanhoe Mines Ltd. is a Canadian mining and mineral exploration company focused on developing and operating large-scale projects in Africa. Its principal commodities include copper, zinc, platinum-group metals, nickel, copper and gold.

The company's flagship Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo is being developed as a major copper mining and processing operation. Ivanhoe also holds the Kipushi zinc-copper-silver-germanium mine in the Democratic Republic of the Congo, as well as the Platreef platinum-group metals, nickel, copper and gold project in South Africa.

Ivanhoe's exploration portfolio includes the Western Foreland project in the Democratic Republic of the Congo, an extensive exploration area near Kamoa-Kakula.

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