Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Given Consensus Rating of “Moderate Buy” by Analysts

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.20.

A number of research analysts recently issued reports on the company. Raymond James Financial lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Canaccord Genuity Group lowered Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a research report on Friday.

Ivanhoe Mines Trading Up 5.6%

OTCMKTS:IVPAF opened at $8.62 on Friday. Ivanhoe Mines has a 12-month low of $6.50 and a 12-month high of $15.00. The firm has a market capitalization of $12.29 billion and a P/E ratio of 95.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 2.10. The business has a 50 day simple moving average of $8.84 and a 200 day simple moving average of $10.22.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $165.53 million during the quarter, compared to analyst estimates of $186.31 million. Equities research analysts predict that Ivanhoe Mines will post 0.25 EPS for the current year.

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.