Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives Average Recommendation of “Moderate Buy” from Analysts

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.20.

IVPAF has been the topic of several research analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of Ivanhoe Mines in a research report on Friday, May 8th. Royal Bank Of Canada lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Monday, April 6th. Canaccord Genuity Group lowered shares of Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Raymond James Financial lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st.

Ivanhoe Mines Stock Down 2.7%

Shares of OTCMKTS IVPAF opened at $8.08 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.33 and a quick ratio of 2.16. The company has a market cap of $11.53 billion, a P/E ratio of 89.79 and a beta of 0.73. Ivanhoe Mines has a 1 year low of $6.50 and a 1 year high of $15.00. The firm has a 50-day simple moving average of $8.48 and a two-hundred day simple moving average of $10.06.

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