Ivanhoe Mines Ltd. (TSE:IVN – Free Report) – Investment analysts at Raymond James boosted their Q3 2024 earnings per share estimates for shares of Ivanhoe Mines in a research note issued on Wednesday, May 22nd. Raymond James analyst F. Hamed now expects that the company will post earnings of $0.07 per share for the quarter, up from their previous forecast of $0.05. Raymond James currently has a “Outperform” rating and a $24.00 target price on the stock. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $0.52 per share.
Ivanhoe Mines (TSE:IVN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06).
Read Our Latest Stock Report on IVN
Ivanhoe Mines Stock Performance
Shares of TSE IVN opened at C$18.91 on Thursday. The business’s 50-day simple moving average is C$18.29 and its 200-day simple moving average is C$14.91. The company has a debt-to-equity ratio of 18.77, a quick ratio of 20.86 and a current ratio of 0.42. Ivanhoe Mines has a 52 week low of C$9.89 and a 52 week high of C$21.32. The firm has a market cap of C$24.02 billion, a price-to-earnings ratio of 99.53 and a beta of 1.98.
Insider Buying and Selling
In related news, Director Setha Patricia Makhesha sold 3,295 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total value of C$47,102.03. In other news, Senior Officer Mary Vincelli sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total value of C$77,350.00. Also, Director Setha Patricia Makhesha sold 3,295 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total transaction of C$47,102.03. 50.84% of the stock is owned by company insiders.
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.
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