Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.20.

A number of equities research analysts recently weighed in on IVPAF shares. Raymond James Financial lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. Scotiabank reaffirmed a “sector perform” rating on shares of Ivanhoe Mines in a research report on Friday, May 8th. Royal Bank Of Canada cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Canaccord Genuity Group cut shares of Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th.

Ivanhoe Mines Trading Up 1.1%

Shares of Ivanhoe Mines stock opened at $9.31 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.10 and a current ratio of 2.23. Ivanhoe Mines has a 52 week low of $6.50 and a 52 week high of $15.00. The stock has a 50 day moving average price of $8.43 and a two-hundred day moving average price of $10.07. The stock has a market capitalization of $13.27 billion, a PE ratio of 103.40 and a beta of 0.73.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Ivanhoe Mines had a return on equity of 5.20% and a net margin of 24.86%.The firm had revenue of $165.53 million during the quarter, compared to analysts’ expectations of $186.31 million. As a group, equities analysts anticipate that Ivanhoe Mines will post 0.22 earnings per share for the current fiscal 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.