Ivanhoe Mines (IVPAF) Projected to Post Quarterly Earnings on Wednesday

Ivanhoe Mines (OTCMKTS:IVPAF) is expected to be releasing its results after the market closes on Wednesday, February 18th. Analysts expect Ivanhoe Mines to post earnings of $0.02 per share and revenue of $189.7460 million for the quarter.

Ivanhoe Mines Stock Up 2.3%

Shares of IVPAF stock opened at $12.54 on Monday. The company has a market capitalization of $17.89 billion and a price-to-earnings ratio of 57.02. Ivanhoe Mines has a 12-month low of $6.50 and a 12-month high of $15.00. The firm has a fifty day moving average of $11.72 and a 200-day moving average of $10.28. The company has a quick ratio of 4.03, a current ratio of 4.23 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IVPAF. Morgan Stanley set a $15.20 price objective on Ivanhoe Mines in a research report on Monday, December 15th. Jefferies Financial Group lowered shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Raymond James Financial restated an “outperform” rating on shares of Ivanhoe Mines in a research note on Wednesday, January 14th. Finally, Scotiabank reissued an “outperform” rating on shares of Ivanhoe Mines in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $15.20.

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.