- Ivanhoe Mines reported an EPS of 6.0 cents for the second quarter.
- This is below the same period last year, which had an EPS of 7.0 cents.
- Analysts had estimated an EPS of 9.1 cents for the second quarter.
- Exploration and project spending increased significantly, reaching $11 million.
- This is a sharp rise compared to last year’s spending of $4.38 million.
- Analyst recommendations include 13 buys, 1 hold, and 1 sell.
A look at Ivanhoe Mines Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Ivanhoe Mines seems to have a positive long-term outlook. With high scores in Growth and Momentum, the company appears to be in a strong position for future expansion and performance. The focus on advancing key mine projects in southern Africa indicates a strategic approach to developing valuable resources.
Although the company may not score as high in Value and Dividend, the impressive scores in Growth and Momentum suggest that Ivanhoe Mines is well-positioned to capitalize on opportunities for further development and success in the mining sector. The company’s strategic focus on key projects in South Africa and the DRC highlights its commitment to leveraging resources in potentially lucrative regions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
