Ivanhoe Mines (IVN) Set to Announce Quarterly Earnings on Wednesday

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

Ivanhoe Mines Stock Down 0.1 %

Shares of TSE:IVN opened at C$19.23 on Tuesday. Ivanhoe Mines has a 52-week low of C$9.89 and a 52-week high of C$21.32. The company has a market capitalization of C$25.96 billion, a PE ratio of 120.19 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 company has a fifty day moving average of C$18.59 and a 200-day moving average of C$18.50.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Canaccord Genuity Group increased their target price on Ivanhoe Mines from C$24.00 to C$25.00 in a research report on Monday, July 22nd. Scotiabank raised their price objective on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Jefferies Financial Group boosted their target price on shares of Ivanhoe Mines from C$25.00 to C$26.00 in a report on Friday, July 12th. TD Securities upped their price target on shares of Ivanhoe Mines from C$23.00 to C$25.00 in a research report on Monday, July 22nd. Finally, Royal Bank of Canada cut their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. 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 a consensus 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.