Ivanhoe Mines Ltd. (TSE:IVN – Get Rating) – Equities researchers at Raymond James cut their Q4 2022 earnings per share (EPS) estimates for shares of Ivanhoe Mines in a report released on Monday, January 30th. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.09. Raymond James currently has a "Outperform" rating and a $14.00 price target on the stock. The consensus estimate for Ivanhoe Mines' current full-year earnings is $0.70 per share. Raymond James also issued estimates for Ivanhoe Mines' Q2 2023 earnings at $0.13 EPS, Q3 2023 earnings at $0.17 EPS and Q4 2023 earnings at $0.19 EPS.
Get Ivanhoe Mines alerts:Ivanhoe Mines (TSE:IVN – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.03).
Ivanhoe Mines Trading Up 0.1 %
Shares of IVN opened at C$12.51 on Wednesday. The stock has a fifty day moving average of C$11.58 and a two-hundred day moving average of C$9.86. The company has a debt-to-equity ratio of 18.52, a quick ratio of 20.86 and a current ratio of 21.86. The company has a market capitalization of C$15.19 billion and a PE ratio of 26.62. Ivanhoe Mines has a fifty-two week low of C$6.41 and a fifty-two week high of C$13.15.Insider Buying and Selling at Ivanhoe Mines
In other Ivanhoe Mines news, Director Louis Kabamba Watum sold 14,000 shares of the business's stock in a transaction on Friday, November 25th. The stock was sold at an average price of C$11.22, for a total value of C$157,010.00. In the last three months, insiders sold 81,619 shares of company stock worth $957,348.
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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