Raymond James Comments on Ivanhoe Mines Ltd’s Q1 2019 Earnings (IVN)
Ivanhoe Mines Ltd (TSE:IVN) – Stock analysts at Raymond James issued their Q1 2019 earnings per share (EPS) estimates for Ivanhoe Mines in a report released on Monday, April 8th. Raymond James analyst F. Hamed expects that the company will post earnings of ($0.02) per share for the quarter. Raymond James also issued estimates for Ivanhoe Mines’ Q2 2019 earnings at ($0.02) EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at ($0.02) EPS and FY2019 earnings at ($0.06) EPS.
Other research analysts have also recently issued research reports about the stock. CIBC boosted their price objective on shares of Ivanhoe Mines from C$2.50 to C$3.30 in a research report on Friday, March 29th. Canaccord Genuity cut shares of Ivanhoe Mines from a “buy” rating to a “speculative buy” rating and dropped their price objective for the stock from C$8.50 to C$7.00 in a research report on Tuesday, January 8th. Finally, Royal Bank of Canada boosted their price objective on shares of Ivanhoe Mines from C$4.00 to C$5.00 in a research report on Thursday, February 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$6.09.
About Ivanhoe Mines
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. The company explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, germanium, and lead deposits. Its 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 in the Democratic Republic of Congo (DRC).
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