Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Given Consensus Rating of “Buy” by Analysts

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the company.

IVPAF has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of Ivanhoe Mines in a report on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Ivanhoe Mines in a report on Wednesday, October 8th. Scotiabank upgraded shares of Ivanhoe Mines from a “hold” rating to an “outperform” rating in a report on Monday, September 29th. TD Securities restated a “buy” rating on shares of Ivanhoe Mines in a report on Monday, September 29th. Finally, Stifel Canada upgraded shares of Ivanhoe Mines to a “strong-buy” rating in a report on Tuesday, July 8th.

Ivanhoe Mines Price Performance

OTCMKTS IVPAF opened at $10.83 on Tuesday. The company’s 50 day simple moving average is $9.56 and its 200 day simple moving average is $8.84. Ivanhoe Mines has a 12 month low of $6.50 and a 12 month high of $15.00. The company has a market capitalization of $15.37 billion and a P/E ratio of 21.89.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its earnings results on Wednesday, July 30th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $96.76 million for the quarter, compared to analyst estimates of $101.84 million.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.