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Ivanhoe Mines Ltd. (IVN.TO)

CAD10.28 -0.48 (-4.46%)
CA TSX Basic Materials Industrial Materials
Address 999 Canada Place V6C 3E1
Vancouver, BC, CA
CEO Martie Cloete
IPO 2012-10-17
ISIN CA46579R1047

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Also trades on Other OTC · IVPAF (USD) Toronto Stock Exchange · IVN.TO (CAD)
Description

Ivanhoe Mines Ltd., a company founded in 1993 and based in Vancouver, Canada, primarily focuses on the discovery, advancement, and extraction of diverse minerals and precious metals, predominantly within Africa. The firm targets deposits rich in substances such as platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead. Its significant operational sites include the Platreef project situated in South Africa's Bushveld Complex, the Kipushi project located in the Haut-Katanga Province of the Democratic Republic of Congo, and the Kamoa-Kakula project within the Central African Copperbelt. Furthermore, Ivanhoe Mines possesses full ownership of the Western Foreland exploration project, an area spanning approximately 2,407 square kilometers in the Democratic Republic of Congo. The company has also established a strategic alliance with China Nonferrous Metal Mining (Group) Co., Ltd. to jointly pursue opportunities in mineral project exploration, development, acquisition, production, smelting, and logistics throughout the African continent. The company adopted its current name, Ivanhoe Mines Ltd., in August 2013, having previously operated as Ivanplats Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD10.28 -0.48 (-4.46%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
1.81
Float Shares
783.33M
Free Float %
54.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+5.81% +12.63% +6.25% -25.31% +1.59% -18.32% -12.91% +11.35% +42.94% +1,080.56% +152.48%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (2 ratings, all time) Buy
Price Targets & DCF
Current price
10.28
DCF (Unlevered) 5.18 -49.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 53% Bullish
Rating 2026-05 Change
Strong Buy 1 -3
Buy 7 -1
Hold 7 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.66
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Industrial Materials: +4.8%
    +1,000.9% Q1'26: +111.4% (vs Q1'25)
  • EPS growth Industrial Materials: +16.2%
    +11.8% Q1'26: -100.0% (vs Q1'25)
  • FCF margin FCF growth · Industrial Materials: +3.3%
    -45.0% Q1'26: -80.3% (vs Q1'25)
  • EBIT margin Industrial Materials: +3.1%
    -9.4% Q1'26: +1.2% (vs Q1'25)
  • ROIC Industrial Materials: +2.2%
    -0.6% Q1'26: +0.1% (vs Q1'25)
  • Share dilution Industrial Materials: -0.2%
    +1.3% Q1'26: +5.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial Materials: 0.52×
    31.03× Q1'26: 11.25× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.79) × ERP
WACC = 90% × Ke + 10% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 5.17 Current price: 10.28
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2017
actual
Dec 2018
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
9 Rev. Ana.
9 EPS Ana.
Dec 2027
8 Rev. Ana.
11 EPS Ana.
Dec 2028
5 Rev. Ana.
5 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Dec 2030
2 Rev. Ana.
1 EPS Ana.
Revenue
est: 2.36M (-100.0%)
est: 17.30M (-100.0%)
est: 31.44M (-100.0%)
est: 401.73M (-100.0%)
est: 446.16M (-100.0%)
est: 452.80M (-100.0%)
40.82M
est: 76.76M (-46.8%)
449.35M
est: 469.97M (-4.4%)
794.05M
641.94M – 1.08B
+69.0% YoY
974.79M
752.78M – 1.29B
+22.8% YoY
1.41B
1.11B – 1.88B
+44.4% YoY
1.57B
1.24B – 2.11B
+11.9% YoY
1.74B
1.37B – 2.33B
+10.6% YoY
EBITDA
223.37M
est: 1.42M (+15,646.4%)
-38.37M
est: 10.38M (-469.8%)
-86.55M
est: 18.86M (-558.9%)
-102.02M
est: 241.04M (-142.3%)
-85.48M
est: 267.70M (-131.9%)
-93.74M
est: 271.68M (-134.5%)
-124.00M
est: 32.11M (-486.2%)
41.06M
est: 196.58M (-79.1%)
332.13M
268.51M – 451.96M
+69.0% YoY
407.73M
314.87M – 537.58M
+22.8% YoY
588.56M
464.38M – 787.54M
+44.4% YoY
658.42M
519.50M – 881.02M
+11.9% YoY
728.03M
574.42M – 974.15M
+10.6% YoY
EBIT
219.09M
est: 1.42M (+15,344.2%)
-42.63M
est: 10.38M (-510.8%)
-94.41M
est: 18.86M (-600.5%)
-110.71M
est: 241.04M (-145.9%)
-90.81M
est: 267.70M (-133.9%)
-95.76M
est: 271.68M (-135.2%)
-143.39M
est: 29.25M (-590.2%)
-42.38M
est: 179.12M (-123.7%)
302.64M
244.67M – 411.83M
+69.0% YoY
371.53M
286.91M – 489.85M
+22.8% YoY
536.31M
423.15M – 717.62M
+44.4% YoY
599.96M
473.38M – 802.80M
+11.9% YoY
663.39M
523.42M – 887.67M
+10.6% YoY
Net Income
170.22M
est: -67.95M (+350.5%)
26.10M
est: -48.63M (+153.7%)
-19.88M
est: -17.72M (-12.2%)
55.24M
est: 98.90M (-44.1%)
410.86M
est: 479.15M (-14.3%)
318.93M
est: 453.82M (-29.7%)
228.14M
est: 286.01M (-20.2%)
266.13M
est: 273.32M (-2.6%)
306.31M
82.86M – 445.37M
+12.1% YoY
475.24M
302.74M – 855.59M
+55.1% YoY
658.83M
579.66M – 1.05B
+38.6% YoY
815.74M
591.99M – 1.17B
+23.8% YoY
907.10M
658.29M – 1.31B
+11.2% YoY
SGA
63.79M
est: 3.43M (+1,760.9%)
39.98M
est: 25.08M (+59.4%)
87.57M
est: 45.58M (+92.1%)
102.61M
est: 582.50M (-82.4%)
86.34M
est: 646.91M (-86.7%)
95.76M
est: 656.54M (-85.4%)
132.65M
est: 96.19M (+37.9%)
7.20M
est: 588.95M (-98.8%)
995.07M
804.45M – 1.35B
+69.0% YoY
1.22B
943.35M – 1.61B
+22.8% YoY
1.76B
1.39B – 2.36B
+44.4% YoY
1.97B
1.56B – 2.64B
+11.9% YoY
2.18B
1.72B – 2.92B
+10.6% YoY
EPS
0.22
est: -0.05 (+541.2%)
0.03
est: -0.04 (+185.8%)
-0.02
est: -0.01 (-53.8%)
0.05
est: 0.07 (-37.0%)
0.34
est: 0.35 (-2.2%)
0.26
est: 0.33 (-21.0%)
0.17
est: 0.28 (-39.2%)
0.20
est: 0.18 (+9.3%)
0.19
0.06 – 0.32
+1.2% YoY
0.40
0.22 – 0.62
+115.0% YoY
0.57
0.42 – 0.76
+43.9% YoY
0.59
0.43 – 0.85
+3.2% YoY
0.66
0.48 – 0.95
+11.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B- 2/5 1/5 3/5 4/5 2/5 1/5 3/5
2026-05-07 B- 2/5 1/5 3/5 5/5 2/5 1/5 2/5
2026-05-06 B- 2/5 1/5 3/5 5/5 2/5 1/5 2/5
2026-05-05 B- 2/5 1/5 3/5 5/5 2/5 1/5 2/5
2026-05-04 B- 2/5 1/5 3/5 5/5 2/5 1/5 2/5
2026-05-01 B- 2/5 1/5 3/5 5/5 2/5 1/5 2/5
2026-04-30 B- 2/5 1/5 3/5 5/5 2/5 1/5 2/5
2026-04-29 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-28 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-27 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-24 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-23 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-22 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-21 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-20 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-17 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-16 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-04-15 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
5.47B
OE per share TTM
3.91
Owner's Yield
32.51%
Maintenance CapEx ratio
8,961,010.64%
Maint CapEx / Avg PPE
1,817.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
4
Total invested
6.75M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2025 Q4
Investors holding
4
+0 vs prev Q
New positions
0
Closed positions
0
Increased
1
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 DRW SECURITIES, LLC 400.0K +300.0K (+300.0%) 6.24M +4.8M (+323.0%) 0.03% +0.022 pp 0.17% +0.138 pp CAD14.76 +5.8% 4 qtrs
2 LOMBARD ODIER ASSET MANAGEMENT (SWITZERLAND) SA 23.9K +— (+0.0%) 271.9K +18.4K (+7.3%) 0.00% +0.000 pp 0.01% +0.000 pp CAD14.76 +5.8% 5 qtrs
3 KOHMANN BOSSHARD FINANCIAL SERVICES, LLC 20.0K +— (+0.0%) 227.5K +15.4K (+7.3%) 0.00% +0.000 pp 0.02% -0.001 pp CAD17.03 -8.3% 5 qtrs
4 KELLEHER FINANCIAL ADVISORS 997.00 +— (+0.0%) 11.4K +778.0 (+7.4%) 0.00% +0.000 pp 0.00% +0.000 pp CAD14.76 +5.8% 2 qtrs
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-59.7K
Shares Outstanding
1.43B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Robert Martin Friedland Founder & Executive Co-Chairman 3M male
Martie Cloete Chief Executive Officer & President 3M female
Tom van den Berg Chief Operating Officer 2M male
Peter Zhou Executive Vice President of China 1M male
David van Heerden Chief Financial Officer 1M male
Setha Patricia Makhesha Executive Vice President of People 967.6K
Olivier Binyingo Executive Vice President of DRC & Strategic Projects 898.8K male
Tommy Horton Vice President of Investor Relations & Corporate Development male
Mark Sumner Executive Vice President of Corporate Finance male
Mary A. Vincelli Vice President of Compliance & Corporate Secretary female
Matthew Richard Keevil Director of Investor Relations & Corporate Communications male
Simon Bottoms Executive Vice President of Technical Services male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits