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

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.20.

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group raised Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a research note on Monday, June 15th. Morgan Stanley raised Ivanhoe Mines from a “negative” rating to an “overweight” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Ivanhoe Mines in a research report on Monday, July 6th.

Ivanhoe Mines Trading Down 0.1%

Shares of Ivanhoe Mines stock opened at $8.22 on Monday. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 91.33 and a beta of 0.98. Ivanhoe Mines has a 52-week low of $6.75 and a 52-week high of $15.00. The company’s 50-day simple moving average is $7.79 and its 200-day simple moving average is $8.99. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.17.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Ivanhoe Mines had a net margin of 23.47% and a return on equity of 5.10%. The firm had revenue of $152.61 million during the quarter, compared to analyst estimates of $202.11 million. As a group, equities research analysts anticipate that Ivanhoe Mines will post 0.31 earnings per share for the current year.

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.