Ivanhoe Mines Ltd. (TSE:IVN – Get Rating) – Investment analysts at Raymond James reduced their Q4 2023 earnings per share estimates for shares of Ivanhoe Mines in a report released on Thursday, March 23rd. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.16 for the quarter, down from their prior estimate of $0.17. Raymond James currently has a "Outperform" rating and a $14.00 price objective on the stock. The consensus estimate for Ivanhoe Mines' current full-year earnings is $0.45 per share.

Separately, Scotiabank lifted their target price on Ivanhoe Mines from C$14.50 to C$16.00 in a report on Tuesday, March 14th.

Ivanhoe Mines Stock Up 0.8 %

Ivanhoe Mines stock opened at C$11.41 on Monday. The firm has a market cap of C$13.92 billion, a price-to-earnings ratio of 24.80 and a beta of 1.95. The stock has a fifty day simple moving average of C$11.86 and a two-hundred day simple moving average of C$10.81. Ivanhoe Mines has a 12 month low of C$6.41 and a 12 month high of C$12.75. The company has a current ratio of 9.85, a quick ratio of 20.86 and a debt-to-equity ratio of 18.32.

Insider Activity

In related news, Director Louis Kabamba Watum sold 2,080 shares of the business's stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of C$12.34, for a total value of C$25,667.20. Following the sale, the director now directly owns 14,177 shares in the company, valued at C$174,944.18. Company insiders own 53.08% of the company's stock.

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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