Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives Consensus Rating of “Buy” from Brokerages

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have been given an average rating of “Buy” by the eight research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $15.20.

Several research analysts have commented on IVPAF shares. Jefferies Financial Group lowered shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. TD Securities reiterated a “buy” rating on shares of Ivanhoe Mines in a report on Monday, September 29th. Scotiabank raised shares of Ivanhoe Mines from a “hold” rating to an “outperform” rating in a research note on Monday, September 29th. Citigroup reissued a “buy” rating on shares of Ivanhoe Mines in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $15.20 target price on Ivanhoe Mines in a research report on Monday, December 15th.

Ivanhoe Mines Price Performance

Shares of Ivanhoe Mines stock opened at $11.46 on Friday. The company has a market capitalization of $16.30 billion and a price-to-earnings ratio of 52.09. The company has a quick ratio of 4.03, a current ratio of 4.23 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $10.21 and its 200-day simple moving average is $9.42. Ivanhoe Mines has a 52 week low of $6.50 and a 52 week high of $12.30.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its earnings results on Wednesday, October 29th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. Ivanhoe Mines had a return on equity of 5.99% and a net margin of 89.02%.The firm had revenue of $129.40 million for the quarter, compared to analysts’ expectations of $128.95 million.

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.