Ivanhoe Mines Ltd. (TSE:IVN – Get Rating) – Stock analysts at Raymond James upped their FY2022 earnings estimates for Ivanhoe Mines in a research note issued on Monday, January 30th. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.50 for the year, up from their prior forecast of $0.47. Raymond James currently has a "Outperform" rating and a $14.00 target price 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' Q1 2023 earnings at $0.12 EPS and FY2023 earnings at $0.60 EPS.
Get Ivanhoe Mines alerts:Ivanhoe Mines (TSE:IVN – Get Rating) last announced its quarterly earnings results on Monday, November 14th. The company reported C$0.05 earnings per share for the quarter, missing analysts' consensus estimates of C$0.08 by C($0.03).
Ivanhoe Mines Trading Down 0.1 %
Shares of TSE IVN opened at C$12.50 on Thursday. The company's fifty day moving average is C$11.60 and its 200-day moving average is C$9.87. The stock has a market cap of C$15.17 billion and a price-to-earnings ratio of 26.60. Ivanhoe Mines has a twelve month low of C$6.41 and a twelve month high of C$13.15. The company has a quick ratio of 20.86, a current ratio of 21.86 and a debt-to-equity ratio of 18.52.Insider Transactions at Ivanhoe Mines
In related news, Director Louis Kabamba Watum sold 14,000 shares of the firm's stock in a transaction on Friday, November 25th. The shares were sold at an average price of C$11.22, for a total transaction of C$157,010.00. Insiders have sold a total of 81,619 shares of company stock valued at $957,348 over the last three months.
About Ivanhoe Mines
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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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