Ivanhoe Mines (IVN) Scheduled to Post Quarterly Earnings on Wednesday

Ivanhoe Mines (TSE:IVN) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Ivanhoe Mines to post earnings of C$0.11 per share for the quarter.

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

Ivanhoe Mines Trading Down 0.4 %

TSE IVN opened at C$19.25 on Monday. The stock has a 50-day simple moving average of C$18.53 and a 200 day simple moving average of C$18.48. The company has a market capitalization of C$25.99 billion, a PE ratio of 120.31 and a beta of 1.94. 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 has a 12 month low of C$9.89 and a 12 month high of C$21.32.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IVN. 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. TD Securities increased their price target on Ivanhoe Mines from C$23.00 to C$25.00 in a report on Monday, July 22nd. Canaccord Genuity Group increased their price target on Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd. Scotiabank increased their price target on Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group increased their price target on Ivanhoe Mines from C$25.00 to C$26.00 in a report on Friday, July 12th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ivanhoe Mines has an average rating of “Buy” and an average target price of C$24.30.

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.