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

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have received an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Five equities research 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 price target among analysts that have updated their coverage on the stock in the last year is $15.20.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Monday, April 6th. Scotiabank reaffirmed a “sector perform” rating on shares of Ivanhoe Mines in a report on Monday, June 15th. Finally, Raymond James Financial lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st.

Ivanhoe Mines Stock Performance

IVPAF stock opened at $7.51 on Friday. The firm has a market cap of $10.71 billion, a PE ratio of 83.45 and a beta of 0.73. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $8.48 and a 200-day moving average of $9.89. Ivanhoe Mines has a 12-month low of $7.15 and a 12-month high of $15.00.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $165.53 million during the quarter, compared to analyst estimates of $186.31 million. Ivanhoe Mines had a return on equity of 5.14% and a net margin of 24.86%. As a group, sell-side analysts expect that Ivanhoe Mines will post 0.31 earnings per share for the current 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.