Ivanhoe Mines (OTCMKTS:IVPAF) Cut to “Hold” at TD Securities

Ivanhoe Mines (OTCMKTS:IVPAF) was downgraded by investment analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

Several other equities analysts have also recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Ivanhoe Mines in a research note on Wednesday, September 9th. Morgan Stanley reissued an “overweight” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 7th. Canaccord Genuity Group upgraded shares of Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Citigroup reaffirmed a “buy” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 14th. Finally, Stifel Nicolaus downgraded shares of Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.20.

Ivanhoe Mines Stock Down 4.9%

OTCMKTS:IVPAF opened at $6.05 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.89 and a current ratio of 2.16. The company has a market cap of $8.64 billion, a PE ratio of 55.05 and a beta of 1.33. Ivanhoe Mines has a 52-week low of $5.50 and a 52-week high of $15.00. The stock has a 50-day simple moving average of $8.03 and a 200 day simple moving average of $8.83.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its earnings results on Tuesday, November 3rd. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). The firm had revenue of $263.84 million during the quarter, compared to the consensus estimate of $274.00 million. Ivanhoe Mines had a net margin of 21.53% and a return on equity of 5.35%. On average, sell-side analysts expect that Ivanhoe Mines will post 0.30 EPS for the current fiscal year.

Trending Headlines about Ivanhoe Mines

Here are the key news stories impacting Ivanhoe Mines this week:

• Positive Sentiment: Ivanhoe plans to add shallow, high-grade open-pit mining at Kamoa to complement underground operations. The company says the more flexible, de-risked approach is intended to support the Kamoa-Kakula complex’s recovery; a new life-of-mine plan is expected in March 2027. Ivanhoe Mines third-quarter results and operating update
• Negative Sentiment: Ivanhoe cut its 2027 Kamoa-Kakula copper-production guidance to 300,000–350,000 tonnes, with expected cash costs of $2.50–$3.00 per pound. Reports also cited higher capital spending, and Stifel downgraded the shares following the outlook revision—factors that may weigh on expectations for near-term output and costs. 2027 copper guidance and Kamoa-Kakula plan Stifel downgrade after guidance cut
• Negative Sentiment: Third-quarter adjusted earnings were $0.04 per share, below the $0.09 consensus estimate. Revenue of $263.84 million also trailed expectations of $274 million, adding to near-term concerns. Q3 earnings and revenue miss estimates

About Ivanhoe Mines

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.