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

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.20.

Several brokerages have recently issued reports on IVPAF. Morgan Stanley set a $15.20 price target on Ivanhoe Mines in a research note on Monday, December 15th. Scotiabank reissued an “outperform” rating on shares of Ivanhoe Mines in a report on Monday. Jefferies Financial Group downgraded shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Raymond James Financial reiterated an “outperform” rating on shares of Ivanhoe Mines in a research report on Wednesday, January 14th. Finally, Citigroup restated a “buy” rating on shares of Ivanhoe Mines in a report on Wednesday, October 8th.

Ivanhoe Mines Stock Performance

Shares of Ivanhoe Mines stock opened at $13.88 on Thursday. 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 has a 50 day simple moving average of $11.04 and a 200 day simple moving average of $9.88. Ivanhoe Mines has a fifty-two week low of $6.50 and a fifty-two week high of $14.43. The firm has a market cap of $19.77 billion and a P/E ratio of 63.09.

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

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.