Ivanhoe Mines Ltd. (TSE:IVN) – Research analysts at Raymond James lifted their Q4 2021 earnings per share estimates for Ivanhoe Mines in a research note issued on Monday, April 5th. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $0.09 for the quarter, up from their previous estimate of $0.08. Raymond James has a “OUTPERFORM” rating and a $10.00 price objective on the stock. Raymond James also issued estimates for Ivanhoe Mines’ Q1 2022 earnings at $0.08 EPS, Q2 2022 earnings at $0.08 EPS, Q3 2022 earnings at $0.08 EPS and Q4 2022 earnings at $0.08 EPS.
Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Ivanhoe Mines from C$7.00 to C$9.00 in a report on Tuesday, January 12th. Canaccord Genuity reissued a “buy” rating on shares of Ivanhoe Mines in a report on Monday, January 11th. Scotiabank set a C$10.00 price objective on shares of Ivanhoe Mines and gave the company a “sector perform” rating in a report on Monday, March 22nd. Finally, TD Securities boosted their price objective on shares of Ivanhoe Mines from C$9.00 to C$9.50 and gave the company an “outperform” rating in a report on Wednesday.
Shares of Ivanhoe Mines stock opened at C$7.26 on Wednesday. The company has a debt-to-equity ratio of 2.18, a quick ratio of 11.70 and a current ratio of 14.37. The stock has a market capitalization of C$8.75 billion and a PE ratio of -363.00. Ivanhoe Mines has a 52-week low of C$2.46 and a 52-week high of C$8.27. The company has a 50-day simple moving average of C$7.26 and a two-hundred day simple moving average of C$6.30.
In other news, Director Louis Kabamba Watum sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, January 14th. The shares were sold at an average price of C$7.33, for a total transaction of C$109,950.00. Following the completion of the transaction, the director now directly owns 55,670 shares of the company’s stock, valued at C$408,061.10.
About Ivanhoe Mines
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, 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 on the DRC's Copperbelt; and the Kamoa-Kakula project located within the Central African Copperbelt.
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