Ivanhoe Mines Ltd. (TSE:IVN – Get Rating) – Investment analysts at Raymond James reduced their Q2 2022 earnings per share (EPS) estimates for Ivanhoe Mines in a report released on Tuesday, July 19th. Raymond James analyst F. Hamed now anticipates that the company will earn $0.09 per share for the quarter, down from their previous forecast of $0.10. Raymond James currently has a "Outperform" rating and a $13.00 target price on the stock. The consensus estimate for Ivanhoe Mines' current full-year earnings is $0.77 per share. Raymond James also issued estimates for Ivanhoe Mines' Q3 2022 earnings at $0.09 EPS, Q4 2022 earnings at $0.10 EPS and FY2022 earnings at $0.33 EPS.
Get Ivanhoe Mines alerts:Separately, Scotiabank reduced their price target on Ivanhoe Mines from C$15.00 to C$13.00 in a research report on Thursday, July 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ivanhoe Mines presently has a consensus rating of "Buy" and a consensus target price of C$13.83.
Ivanhoe Mines Stock Up 1.2 %
IVN stock opened at C$7.00 on Thursday. The company has a debt-to-equity ratio of 20.64, a current ratio of 22.47 and a quick ratio of 20.02. The stock has a market capitalization of C$8.48 billion and a P/E ratio of 116.67. The business has a 50-day moving average of C$8.67 and a 200-day moving average of C$10.32. Ivanhoe Mines has a fifty-two week low of C$6.41 and a fifty-two week high of C$13.15.Ivanhoe Mines (TSE:IVN – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported C$0.03 earnings per share for the quarter, topping the consensus estimate of C$0.01 by C$0.02.
Ivanhoe Mines Company Profile
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Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located 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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