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

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $15.20.

A number of brokerages have recently weighed in on IVPAF. Royal Bank Of Canada cut Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Ivanhoe Mines in a research report on Monday, July 6th. Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a report on Monday, June 15th. Canaccord Genuity Group upgraded shares of Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Raymond James Financial lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st.

Ivanhoe Mines Trading Up 1.1%

Shares of IVPAF opened at $7.61 on Thursday. Ivanhoe Mines has a twelve month low of $6.75 and a twelve month high of $15.00. The company has a current ratio of 2.33, a quick ratio of 2.16 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $10.86 billion, a P/E ratio of 84.59 and a beta of 0.90. The firm’s 50-day moving average is $7.95 and its two-hundred day moving average is $9.32.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $152.61 million for the quarter, compared to analysts’ expectations of $202.11 million. Ivanhoe Mines had a return on equity of 5.14% and a net margin of 24.86%. On average, research analysts predict that Ivanhoe Mines will post 0.34 earnings per share for the current fiscal 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.