Ivanhoe Mines Ltd reports results for the quarter ended March 31 - Earnings Summary

• Ivanhoe Mines Ltd IVN.TO reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of ten analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 5 cents to 13 cents per share.

• Revenue was $77.02 million​; analysts expected $98.55 million.

• Ivanhoe Mines Ltd's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $129.76 million.

• Ivanhoe Mines Ltd shares had risen by 6.5% this quarter and lost 23.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 40% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the diversified mining peer group is also "buy"

• Wall Street's median 12-month price target for Ivanhoe Mines Ltd is C$22.00

This summary was machine generated from LSEG data May 1 at 12:48 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)