Ivanhoe Mines (OTCMKTS:IVPAF) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Ivanhoe Mines (OTCMKTS:IVPAF) issued its quarterly earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03), Zacks reports. The company had revenue of $152.61 million for the quarter, compared to analysts’ expectations of $202.11 million. Ivanhoe Mines had a return on equity of 5.14% and a net margin of 24.86%.

Ivanhoe Mines Stock Performance

Shares of IVPAF opened at $7.61 on Thursday. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 84.59 and a beta of 0.90. Ivanhoe Mines has a 52-week low of $6.75 and a 52-week high of $15.00. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $7.95 and a 200 day moving average price of $9.32.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IVPAF shares. Royal Bank Of Canada cut Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. Scotiabank reiterated a “sector perform” rating on shares of Ivanhoe Mines in a report on Monday, June 15th. Raymond James Financial downgraded shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Jefferies Financial Group restated a “hold” rating on shares of Ivanhoe Mines in a report on Monday, July 6th. Finally, Morgan Stanley raised shares of Ivanhoe Mines from a “negative” rating to an “overweight” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.20.

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.