Ivanhoe Mines (OTCMKTS:IVPAF) Stock Price Down 9.7% – Time to Sell?

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) shares dropped 9.7% on Tuesday . The company traded as low as $11.33 and last traded at $11.33. Approximately 72,114 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 379,519 shares. The stock had previously closed at $12.5440.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley set a $15.20 price target on Ivanhoe Mines in a report on Monday, December 15th. Scotiabank restated an “outperform” rating on shares of Ivanhoe Mines in a report on Monday, January 26th. Jefferies Financial Group lowered Ivanhoe Mines from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Ivanhoe Mines in a report on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $15.20.

Ivanhoe Mines Stock Down 3.6%

The business’s 50 day moving average price is $11.87 and its 200-day moving average price is $10.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.03 and a current ratio of 4.23. The firm has a market capitalization of $16.23 billion and a PE ratio of 51.73.

Ivanhoe Mines (OTCMKTS:IVPAF) last posted its earnings results on Wednesday, February 18th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $138.42 million during the quarter, compared to the consensus estimate of $189.75 million. Ivanhoe Mines had a net margin of 89.02% and a return on equity of 5.99%.

About Ivanhoe Mines

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.