Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives $15.20 Average PT from Analysts

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.20.

Several brokerages recently issued reports on IVPAF. Raymond James Financial lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. Royal Bank Of Canada lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Ivanhoe Mines in a research report on Monday, June 15th.

Ivanhoe Mines Stock Performance

IVPAF opened at $7.52 on Friday. Ivanhoe Mines has a one year low of $7.15 and a one year high of $15.00. The stock has a market capitalization of $10.72 billion, a PE ratio of 83.52 and a beta of 0.90. The business’s 50 day moving average price is $8.35 and its 200 day moving average price is $9.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.16 and a current ratio of 2.33.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $165.53 million during the quarter, compared to analyst estimates of $186.31 million. Ivanhoe Mines had a return on equity of 5.14% and a net margin of 24.86%. As a group, equities research analysts expect that Ivanhoe Mines will post 0.31 EPS for the current 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.