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

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Four equities research 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 objective among analysts that have covered the stock in the last year is $15.20.

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

Ivanhoe Mines Stock Down 5.2%

Shares of IVPAF stock opened at $9.23 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.89 and a debt-to-equity ratio of 0.18. Ivanhoe Mines has a 12 month low of $6.75 and a 12 month high of $15.00. The stock has a market cap of $13.17 billion, a P/E ratio of 102.56 and a beta of 1.03. The company has a 50 day simple moving average of $8.06 and a two-hundred day simple moving average of $8.47.

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

Ivanhoe Mines Company Profile

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.