Ivanhoe Mines (OTCMKTS:IVPAF) Hits New 52-Week Low – Time to Sell?

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF)’s stock price hit a new 52-week low during trading on Friday. The stock traded as low as $6.30 and last traded at $6.4550, with a volume of 10,550 shares trading hands. The stock had previously closed at $6.72.

Analyst Ratings Changes

IVPAF has been the subject of a number of research reports. Citigroup restated a “buy” rating on shares of Ivanhoe Mines in a report on Wednesday, October 14th. Jefferies Financial Group reissued a “hold” rating on shares of Ivanhoe Mines in a report on Monday, July 6th. Scotiabank reaffirmed a “sector perform” rating on shares of Ivanhoe Mines in a research note on Wednesday, September 9th. Canaccord Genuity Group upgraded Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ivanhoe Mines in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.20.

Ivanhoe Mines Trading Down 3.6%

The company’s 50 day moving average price is $8.22 and its two-hundred day moving average price is $8.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.16 and a quick ratio of 1.89. The stock has a market capitalization of $9.24 billion, a PE ratio of 71.99 and a beta of 1.08.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its quarterly 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 business had revenue of $152.61 million for the quarter, compared to analyst estimates of $202.11 million. As a group, analysts expect that Ivanhoe Mines Ltd. will post 0.30 earnings per share for the current year.

About Ivanhoe Mines

Ivanhoe Mines Ltd. is a Canadian mining and mineral exploration company focused on developing and operating large-scale projects in Africa. Its principal 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 major copper mining and processing operation. Ivanhoe also holds the Kipushi zinc-copper-silver-germanium mine in the Democratic Republic of the Congo, as well as the Platreef platinum-group metals, nickel, copper and gold project in South Africa.

Ivanhoe’s exploration portfolio includes the Western Foreland project in the Democratic Republic of the Congo, an extensive exploration area near Kamoa-Kakula.