Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives Average Rating of “Moderate Buy” from Analysts

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.20.

Several research analysts have commented on IVPAF shares. Royal Bank Of Canada downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Raymond James Financial cut Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a research note on Monday, June 15th.

Ivanhoe Mines Price Performance

Shares of Ivanhoe Mines stock opened at $7.52 on Friday. The firm has a fifty day simple moving average of $8.38 and a 200-day simple moving average of $9.82. The company has a current ratio of 2.33, a quick ratio of 2.16 and a debt-to-equity ratio of 0.17. Ivanhoe Mines has a 1-year low of $7.15 and a 1-year high of $15.00. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 83.52 and a beta of 0.90.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. Ivanhoe Mines had a net margin of 24.86% and a return on equity of 5.14%. The firm had revenue of $165.53 million for the quarter, compared to the consensus estimate of $186.31 million. On average, sell-side analysts expect that Ivanhoe Mines will post 0.31 earnings per share for the current year.

About Ivanhoe Mines

Ivanhoe Mines is a Canada-based mineral exploration and development company focused on unlocking high-value deposits of copper, nickel, zinc, and platinum-group metals. The company pursues a two-pronged strategy of advancing large-scale mining projects through feasibility and development stages while also expanding its exploration footprint. Ivanhoe’s technical expertise spans geology, engineering, environmental management, and community relations, enabling it to secure the necessary permits and infrastructure for major mine developments.

The company’s flagship asset is the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), a joint venture with the government of the DRC and Zijin Mining.