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

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have been given an average recommendation of “Strong Buy” by the six research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company.

A number of research firms have weighed in on IVPAF. Royal Bank Of Canada upgraded Ivanhoe Mines to a “moderate buy” rating in a report on Tuesday, June 17th. Canaccord Genuity Group upgraded Ivanhoe Mines to a “strong-buy” rating in a research note on Friday, June 13th. Citigroup upgraded Ivanhoe Mines to a “strong-buy” rating in a research note on Monday, June 16th. UBS Group upgraded Ivanhoe Mines to a “strong-buy” rating in a research note on Thursday, June 12th. Finally, Raymond James Financial upgraded Ivanhoe Mines to a “moderate buy” rating in a research note on Monday, June 30th.

Ivanhoe Mines Stock Up 0.1%

OTCMKTS IVPAF opened at $10.45 on Friday. The stock has a market cap of $14.15 billion and a PE ratio of 21.12. Ivanhoe Mines has a fifty-two week low of $6.50 and a fifty-two week high of $15.42. The business has a 50 day moving average price of $8.85 and a two-hundred day moving average price of $8.73.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $96.76 million during the quarter, compared to analysts’ expectations of $101.84 million.

About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.