Ivanhoe Mines Ltd. (TSE:IVN – Free Report) – Stock analysts at Raymond James lowered their Q2 2024 earnings estimates for Ivanhoe Mines in a report issued on Monday, April 22nd. Raymond James analyst F. Hamed now anticipates that the company will earn $0.01 per share for the quarter, down from their prior forecast of $0.04. The consensus estimate for Ivanhoe Mines’ current full-year earnings is $0.51 per share. Raymond James also issued estimates for Ivanhoe Mines’ FY2024 earnings at $0.15 EPS.
Ivanhoe Mines (TSE:IVN – Get Free Report) last issued 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).
Check Out Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Price Performance
Shares of TSE:IVN opened at C$18.14 on Wednesday. The company has a debt-to-equity ratio of 18.08, a quick ratio of 20.86 and a current ratio of 3.28. The firm has a fifty day moving average price of C$16.01 and a 200 day moving average price of C$13.58. Ivanhoe Mines has a fifty-two week low of C$9.89 and a fifty-two week high of C$19.99. The firm has a market cap of C$23.04 billion, a price-to-earnings ratio of 50.39 and a beta of 2.00.
Insider Buying and Selling at Ivanhoe Mines
In other news, Senior Officer Mary Vincelli sold 5,000 shares of the 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. In other news, Senior Officer Mary Vincelli sold 5,000 shares of the firm’s stock in a transaction dated 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 firm’s 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. 50.86% 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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