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

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.20.

A number of equities research analysts have recently commented on IVPAF shares. Scotiabank reaffirmed a “sector perform” rating on shares of Ivanhoe Mines in a research report on Friday, May 8th. Canaccord Genuity Group downgraded Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Raymond James Financial downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st.

Ivanhoe Mines Stock Performance

OTCMKTS IVPAF opened at $8.56 on Friday. Ivanhoe Mines has a fifty-two week low of $6.50 and a fifty-two week high of $15.00. The stock has a market cap of $12.21 billion and a price-to-earnings ratio of 95.12. The business has a fifty day moving average of $8.59 and a 200-day moving average of $10.16. The company has a quick ratio of 2.10, a current ratio of 2.23 and a debt-to-equity ratio of 0.16.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Ivanhoe Mines had a return on equity of 5.20% and a net margin of 24.86%.The company had revenue of $165.53 million during the quarter, compared to analysts’ expectations of $186.31 million. As a group, analysts predict that Ivanhoe Mines will post 0.24 earnings per share for the current fiscal 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.