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Ivanhoe Mines Ltd.TSX:IVN Stock Report

Market Cap CA$17.0b
Share Price
CA$10.51
CA$55
80.9% undervalued intrinsic discount
1Y-19.5%
7D-10.6%
Portfolio Value
View

Ivanhoe Mines Ltd.

TSX:IVN Stock Report

Market Cap: CA$17.0b

Ivanhoe Mines (IVN) Stock Overview

Engages in the mining, development, and exploration of minerals and precious metals in Africa. More details

IVN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance2/6
Financial Health2/6
Dividends0/6

IVN Community Fair Values

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CA$18.03
FV
41.7% undervalued intrinsic discount
57.85%
Revenue growth p.a.
787
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1users have liked this narrative
3users have commented on this narrative
27users have followed this narrative
CA$15.22
FV
31.0% undervalued intrinsic discount
65.88%
Revenue growth p.a.
52
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
CA$5.07
77.5% undervalued intrinsic discount
Fair Value
Profit Margin
11.75%
Future PE
21.54x
Price in 2031
CA$5.88

Ivanhoe Mines Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Ivanhoe Mines
Historical stock prices
Current Share PriceCA$10.51
52 Week HighCA$20.34
52 Week LowCA$8.76
Beta1.77
1 Month Change-30.58%
3 Month Change-32.67%
1 Year Change-19.46%
3 Year Change-14.27%
5 Year Change44.77%
Change since IPO108.12%

Recent News & Updates

Recent updates

A case for Ivanhoe Mines Ltd hitting C$55 by 2031. If the S&P doesn't crash we could be seeing twice that figure!

Ivanhoe Mines Ltd. (TSX:IVN) Stock Analysis – March 2026 (as of latest 2025 AFS and Q4 updates) Ivanhoe is a Tier-1 copper/PGM/zinc developer-producer with world-class assets: Kamoa-Kakula (world’s highest-grade large-scale copper complex, DRC; Ivanhoe effective 39.6% via Zijin JV), Platreef (one of the world’s largest/lowest-cost PGM-Ni-Cu-Au-Rh mines, South Africa; Ivanhoe 64%), and Kipushi (ultra-high-grade zinc-copper-germanium, DRC; Ivanhoe ~62-68%).

Ivanhoe Mines Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Nov 02
Ivanhoe Mines Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
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Kamoa-Kakula And Platreef Ramp-Ups Will Secure Future Copper Supply

Substantial copper production growth, margin expansion, and revenue gains are expected from operational improvements, stable power, and major project ramp-ups at key mining sites.

Shareholder Returns

IVNCA Metals and MiningCA Market
7D-10.6%8.9%1.6%
1Y-19.5%100.7%29.6%

Return vs Industry: IVN underperformed the Canadian Metals and Mining industry which returned 100.7% over the past year.

Return vs Market: IVN underperformed the Canadian Market which returned 29.6% over the past year.

Price Volatility

Is IVN's price volatile compared to industry and market?
IVN volatility
IVN Average Weekly Movement9.1%
Metals and Mining Industry Average Movement13.1%
Market Average Movement11.0%
10% most volatile stocks in CA Market19.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: IVN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: IVN's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19932,200Marna Cloetewww.ivanhoemines.com

Ivanhoe Mines Ltd., together with its subsidiaries, engages in the mining, development, and exploration of minerals and precious metals in Africa. The company explores gold, platinum, palladium, rhodium, nickel, copper, zinc, germanium, silver, and lead deposits. Its projects include the Kamoa-Kakula Copper Complex mine located in the Central African Copperbelt; the Kipushi Zinc mine in Southern Haut-Katanga Province, Democratic Republic of Congo; and the Platreef PGM-Nickel mine located in the Northern Limb of South Africa’s Bushveld Igneous Complex.

Ivanhoe Mines Ltd. Fundamentals Summary

How do Ivanhoe Mines's earnings and revenue compare to its market cap?
IVN fundamental statistics
Market capCA$16.96b
Earnings (TTM)CA$363.17m
Revenue (TTM)CA$613.18m
41.3x
P/E Ratio
24.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IVN income statement (TTM)
RevenueUS$441.62m
Cost of RevenueUS$377.69m
Gross ProfitUS$63.92m
Other Expenses-US$197.63m
EarningsUS$261.56m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 07, 2026

Earnings per share (EPS)0.18
Gross Margin14.47%
Net Profit Margin59.23%
Debt/Equity Ratio21.9%

How did IVN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/01 04:30
End of Day Share Price 2026/04/01 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ivanhoe Mines Ltd. is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul Joseph GaitBernstein
Andrew MikitchookBMO Capital Markets Equity Research
Alexander Robert PearceBMO Capital Markets Equity Research