Ivanhoe Mines (OTCMKTS:IVPAF) Shares Gap Down – Should You Sell?

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) gapped down before the market opened on Friday . The stock had previously closed at $7.5580, but opened at $7.26. Ivanhoe Mines shares last traded at $7.5805, with a volume of 16,603 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Ivanhoe Mines from a “negative” rating to an “overweight” rating in a report on Wednesday. Royal Bank Of Canada downgraded shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. Jefferies Financial Group reissued a “hold” rating on shares of Ivanhoe Mines in a report on Monday. Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a research note on Monday, June 15th. Finally, Raymond James Financial downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.20.

Ivanhoe Mines Price Performance

The stock’s 50-day moving average is $8.25 and its 200 day moving average is $9.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.16 and a current ratio of 2.33. The stock has a market capitalization of $10.95 billion, a PE ratio of 85.34 and a beta of 0.90.

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