Ivanhoe Mines (IVN) to Release Earnings on Tuesday

Ivanhoe Mines (TSE:IVN) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Ivanhoe Mines to post earnings of C$0.03 per share for the quarter.

Ivanhoe Mines (TSE:IVN) last released its earnings results on Monday, February 26th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.05).

Ivanhoe Mines Trading Down 0.9 %

IVN stock opened at C$19.03 on Tuesday. The company has a market cap of C$24.17 billion, a P/E ratio of 52.86 and a beta of 2.00. Ivanhoe Mines has a twelve month low of C$9.89 and a twelve month high of C$19.99. The company has a quick ratio of 20.86, a current ratio of 3.28 and a debt-to-equity ratio of 18.08. The business has a fifty day moving average of C$15.93 and a 200-day moving average of C$13.53.

Analyst Ratings Changes

IVN has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Ivanhoe Mines from C$15.50 to C$21.00 in a report on Tuesday, April 9th. Eight Capital upped their price objective on Ivanhoe Mines from C$19.00 to C$30.00 in a report on Monday. Raymond James upped their price objective on Ivanhoe Mines from C$18.00 to C$19.00 in a report on Wednesday, March 20th. Canaccord Genuity Group upped their price objective on Ivanhoe Mines from C$16.00 to C$21.00 in a report on Wednesday, April 17th. Finally, TD Securities upped their price objective on Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a “buy” rating in a report on Wednesday, February 28th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$19.69.

Insider Buying and Selling at Ivanhoe Mines

In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total value of C$77,350.00. In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was 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 business’s 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. Insiders own 50.86% of the company’s stock.

Ivanhoe Mines Company Profile

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.