Ivanhoe Mines Ltd (TSX:IVN, Financial) is set to release its Q3 2024 earnings on Oct 30, 2024. The consensus estimate for Q3 2024 revenue is $470.69 million, and the earnings are expected to come in at $0.09 per share. The full year 2024's revenue is expected to be $225.12 million and the earnings are expected to be $0.44 per share. More detailed estimate data can be found on the Forecast page.
Ivanhoe Mines Ltd (TSX:IVN, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Ivanhoe Mines Ltd (TSX:IVN) for the full year 2024 have declined from $242.07 million to $225.12 million. Conversely, estimates for 2025 have increased from $747.92 million to $818.96 million. Earnings estimates have also seen changes; for the full year 2024, estimates have declined from $0.46 per share to $0.44 per share, and for 2025, they have declined from $1.07 per share to $0.99 per share.
Ivanhoe Mines Ltd (TSX:IVN, Financial) Reported History
In the previous quarter of 2024-06-30, Ivanhoe Mines Ltd's (TSX:IVN) actual revenue was $124.55 million, which missed analysts' revenue expectations of $654.35 million by -80.97%. Ivanhoe Mines Ltd's (TSX:IVN) actual earnings were $0.08 per share, which beat analysts' earnings expectations of $0.053 per share by 56.60%. After releasing the results, Ivanhoe Mines Ltd (TSX:IVN) was up by 2.79% in one day.
Ivanhoe Mines Ltd (TSX:IVN, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 14 analysts, the average target price for Ivanhoe Mines Ltd (TSX:IVN) is $25.84 with a high estimate of $34.74 and a low estimate of $22.10. The average target implies an upside of 34.38% from the current price of $19.23.
Based on GuruFocus estimates, the estimated GF Value for Ivanhoe Mines Ltd (TSX:IVN, Financial) in one year is $0, suggesting a downside of -100% from the current price of $19.23.
Based on the consensus recommendation from 14 brokerage firms, Ivanhoe Mines Ltd's (TSX:IVN, Financial) average brokerage recommendation is currently 1.6, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
