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

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.20.

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group upgraded shares of Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday. Jefferies Financial Group reiterated a “hold” rating on shares of Ivanhoe Mines in a research report on Monday, July 6th. Raymond James Financial downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Morgan Stanley raised Ivanhoe Mines from a “negative” rating to an “overweight” rating in a report on Wednesday, July 8th. Finally, Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a research note on Monday, June 15th.

Ivanhoe Mines Stock Down 1.6%

IVPAF stock opened at $7.53 on Thursday. Ivanhoe Mines has a one year low of $6.75 and a one year high of $15.00. The stock has a market capitalization of $10.74 billion, a PE ratio of 83.64 and a beta of 0.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.16 and a current ratio of 2.33. The company has a fifty day moving average of $8.05 and a 200-day moving average of $9.47.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating 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 business had revenue of $165.53 million for the quarter, compared to the consensus estimate of $186.31 million. As a group, analysts expect that Ivanhoe Mines will post 0.3 EPS for the current year.

Ivanhoe Mines Company Profile

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.