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

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $15.20.

A number of equities analysts recently weighed in on the company. Scotiabank reaffirmed a “sector perform” rating on shares of Ivanhoe Mines in a report on Wednesday, September 9th. Jefferies Financial Group reissued a “hold” rating on shares of Ivanhoe Mines in a report on Monday, July 6th. Canaccord Genuity Group upgraded Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Morgan Stanley raised Ivanhoe Mines from a “negative” rating to an “overweight” rating in a research note on Wednesday, July 8th.

Ivanhoe Mines Stock Up 1.5%

IVPAF opened at $8.59 on Friday. Ivanhoe Mines has a fifty-two week low of $6.75 and a fifty-two week high of $15.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.89 and a current ratio of 2.16. The company has a fifty day moving average of $8.20 and a two-hundred day moving average of $8.38. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 95.45 and a beta of 1.03.

Ivanhoe Mines (OTCMKTS:IVPAF) last posted its earnings results on Wednesday, July 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Ivanhoe Mines had a return on equity of 5.07% and a net margin of 23.47%.The firm had revenue of $152.61 million for the quarter, compared to analysts’ expectations of $202.11 million. On average, research analysts expect that Ivanhoe Mines will post 0.3 earnings per share for the current year.

About Ivanhoe Mines

Ivanhoe Mines Ltd. is a Canadian mining company focused on the exploration, development and operation of mineral resources in Africa. Its primary commodities include copper, zinc, platinum-group metals, nickel, copper and gold.

The company’s flagship Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo is being developed as a large-scale, high-grade copper operation. Ivanhoe Mines also operates the Kipushi zinc-copper-germanium mine in the Democratic Republic of the Congo and is developing the Platreef project, a platinum-group metals, nickel, copper and gold discovery in South Africa’s Limpopo province.

Ivanhoe Mines was founded by mining entrepreneur Robert Friedland, who serves as executive co-chairman.