Raymond James Reduces Earnings Estimates for Ivanhoe Mines

Ivanhoe Mines Ltd. (TSE:IVN) – Stock analysts at Raymond James dropped their FY2025 earnings per share (EPS) estimates for Ivanhoe Mines in a research report issued on Wednesday, January 8th. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $0.39 for the year, down from their prior estimate of $0.53. Raymond James has a “Outperform” rating and a $24.00 price objective on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $1.01 per share.

Other equities analysts have also issued research reports about the stock. Scotiabank dropped their price target on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday. TD Securities reduced their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Thursday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$24.00.

Ivanhoe Mines Stock Performance

Ivanhoe Mines stock opened at C$17.19 on Friday. The company has a market capitalization of C$23.21 billion, a price-to-earnings ratio of 107.44 and a beta of 1.94. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. The stock has a fifty day moving average of C$18.26 and a two-hundred day moving average of C$18.18. Ivanhoe Mines has a fifty-two week low of C$12.94 and a fifty-two week high of C$21.32.

Insiders Place Their Bets

In other Ivanhoe Mines news, Director Jinghe Chen sold 60,288 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$19.00, for a total value of C$1,145,472.00. Also, Senior Officer Chao (Peter) Zhou sold 4,800 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$19.00, for a total transaction of C$91,200.00. Insiders sold a total of 68,088 shares of company stock valued at $1,292,379 in the last quarter. Insiders own 44.96% of the company’s stock.

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.