Ivanhoe Mines (OTCMKTS:IVPAF) Sets New 1-Year Low – Should You Sell?

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $6.38 and last traded at $6.4441, with a volume of 67,430 shares changing hands. The stock had previously closed at $6.80.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Canaccord Genuity Group raised Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Morgan Stanley restated an “overweight” rating on shares of Ivanhoe Mines in a report on Wednesday, October 7th. Scotiabank reaffirmed a “sector perform” rating on shares of Ivanhoe Mines in a research note on Wednesday, September 9th. Citigroup reiterated a “buy” rating on shares of Ivanhoe Mines in a report on Wednesday, October 14th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Ivanhoe Mines in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.20.

Ivanhoe Mines Price Performance

The company’s 50 day moving average price is $8.42 and its 200-day moving average price is $8.24. The company has a market capitalization of $9.30 billion, a PE ratio of 72.44 and a beta of 1.08. The company has a current ratio of 2.16, a quick ratio of 1.89 and a debt-to-equity ratio of 0.18.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $152.61 million for the quarter, compared to analyst estimates of $202.11 million. Ivanhoe Mines had a return on equity of 5.07% and a net margin of 23.47%. On average, sell-side analysts forecast that Ivanhoe Mines Ltd. will post 0.30 earnings per share for the current fiscal year.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. is a Canadian mining and mineral exploration company focused on developing and operating large-scale projects in Africa. Its principal commodities include copper, zinc, platinum-group metals, nickel, copper and gold.

The company’s flagship Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo is being developed as a major copper mining and processing operation. Ivanhoe also holds the Kipushi zinc-copper-silver-germanium mine in the Democratic Republic of the Congo, as well as the Platreef platinum-group metals, nickel, copper and gold project in South Africa.

Ivanhoe’s exploration portfolio includes the Western Foreland project in the Democratic Republic of the Congo, an extensive exploration area near Kamoa-Kakula.