Ivanhoe Mines (OTCMKTS:IVPAF) Shares Gap Down – Should You Sell?

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) gapped down before the market opened on Thursday . The stock had previously closed at $9.76, but opened at $9.55. Ivanhoe Mines shares last traded at $9.9220, with a volume of 22,830 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Scotiabank upgraded Ivanhoe Mines from a “hold” rating to an “outperform” rating in a research note on Monday, September 29th. TD Securities restated a “buy” rating on shares of Ivanhoe Mines in a report on Monday, September 29th. Morgan Stanley set a $15.20 price objective on shares of Ivanhoe Mines in a report on Monday. Citigroup reissued a “buy” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group downgraded shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $15.20.

Ivanhoe Mines Trading Up 5.7%

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 business’s 50-day simple moving average is $9.95 and its two-hundred day simple moving average is $9.06. The stock has a market capitalization of $15.01 billion and a price-to-earnings ratio of 47.96.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its earnings results on Wednesday, October 29th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $128.95 million.

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.