Ivanhoe Mines Ltd. (TSE:IVN) Expected to Earn Q4 2024 Earnings of $0.16 Per Share

Ivanhoe Mines Ltd. (TSE:IVN) – Investment analysts at Raymond James raised their Q4 2024 earnings per share (EPS) estimates for Ivanhoe Mines in a research note issued to investors on Monday, September 23rd. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $0.16 per share for the quarter, up from their previous forecast of $0.11. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.05 per share. Raymond James also issued estimates for Ivanhoe Mines’ Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.19 EPS.

Other equities research analysts have also recently issued reports about the stock. TD Securities boosted their price objective on shares of Ivanhoe Mines from C$23.00 to C$25.00 in a research report on Monday, July 22nd. Royal Bank of Canada lowered their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on Ivanhoe Mines from C$25.00 to C$26.00 in a report on Friday, July 12th. Scotiabank decreased their target price on Ivanhoe Mines from C$23.00 to C$21.00 in a research report on Monday, August 19th. Finally, Citigroup increased their price target on Ivanhoe Mines from C$15.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$24.20.

Ivanhoe Mines Stock Up 5.7 %

Shares of IVN opened at C$20.31 on Wednesday. The firm has a market capitalization of C$27.42 billion, a P/E ratio of 126.94 and a beta of 1.93. Ivanhoe Mines has a 12-month low of C$9.89 and a 12-month high of C$21.32. The firm has a fifty day moving average price of C$17.42 and a 200-day moving average price of C$17.96. The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24.

Ivanhoe Mines (TSE:IVN) last released its earnings results on Wednesday, July 31st. The company reported C$0.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.01.

About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals 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.