Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives $15.20 Consensus Price Target from Analysts

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $15.20.

A number of brokerages have issued reports on IVPAF. Morgan Stanley upgraded shares of Ivanhoe Mines from a “negative” rating to an “overweight” rating in a report on Wednesday, July 8th. Canaccord Genuity Group raised shares of Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a research report on Monday, June 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Ivanhoe Mines in a report on Monday, July 6th.

Ivanhoe Mines Stock Up 8.6%

Shares of Ivanhoe Mines stock opened at $9.00 on Monday. The company has a 50-day simple moving average of $7.82 and a two-hundred day simple moving average of $8.85. The stock has a market capitalization of $12.84 billion, a PE ratio of 100.00 and a beta of 0.97. Ivanhoe Mines has a 52-week low of $6.75 and a 52-week high of $15.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.16 and a current ratio of 2.33.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $152.61 million for the quarter, compared to analysts’ expectations of $202.11 million. Ivanhoe Mines had a net margin of 23.47% and a return on equity of 5.10%. On average, analysts anticipate that Ivanhoe Mines will post 0.31 EPS for the current fiscal 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.