Ivanhoe Mines Ltd. (OTCMKTS:IVPAF – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $10.4480, but opened at $10.89. Ivanhoe Mines shares last traded at $10.32, with a volume of 13,915 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on IVPAF. Morgan Stanley restated an “overweight” rating on shares of Ivanhoe Mines in a research note on Wednesday, October 8th. Scotiabank raised Ivanhoe Mines from a “hold” rating to an “outperform” rating in a research report on Monday, September 29th. TD Securities reaffirmed a “buy” rating on shares of Ivanhoe Mines in a research report on Monday, September 29th. Finally, Citigroup reissued a “buy” rating on shares of Ivanhoe Mines in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.
Check Out Our Latest Research Report on Ivanhoe Mines
Ivanhoe Mines Stock Performance
Ivanhoe Mines (OTCMKTS:IVPAF – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $129.40 million for the quarter, compared to analysts’ expectations of $128.95 million.
About Ivanhoe Mines
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.
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