Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives Consensus Recommendation of “Buy” from Analysts

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has earned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.20.

Several equities analysts have commented on IVPAF shares. Jefferies Financial Group downgraded shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. TD Securities reissued a “buy” rating on shares of Ivanhoe Mines in a research note on Monday, September 29th. Morgan Stanley set a $15.20 price target on Ivanhoe Mines in a report on Monday, December 15th. Scotiabank upgraded Ivanhoe Mines from a “hold” rating to an “outperform” rating in a research note on Monday, September 29th. Finally, Citigroup reissued a “buy” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 8th.

Ivanhoe Mines Stock Up 2.7%

Shares of OTCMKTS:IVPAF opened at $11.69 on Friday. The firm has a market capitalization of $16.63 billion and a PE ratio of 53.14. Ivanhoe Mines has a 1 year low of $6.50 and a 1 year high of $12.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.23 and a quick ratio of 4.03. The firm’s 50-day moving average is $10.09 and its two-hundred day moving average is $9.32.

Ivanhoe Mines (OTCMKTS:IVPAF) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Ivanhoe Mines had a net margin of 89.02% and a return on equity of 5.99%. The business had revenue of $129.40 million during the quarter, compared to analyst estimates of $128.95 million.

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.