Brokerages Set Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Price Target at $15.20

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have received a consensus rating of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $15.20.

Several equities analysts have recently weighed in on IVPAF shares. Raymond James Financial restated an “outperform” rating on shares of Ivanhoe Mines in a research report on Wednesday, January 14th. Morgan Stanley set a $15.20 target price on shares of Ivanhoe Mines in a research note on Monday, December 15th. Canaccord Genuity Group cut shares of Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Jefferies Financial Group lowered shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Finally, Scotiabank reiterated an “outperform” rating on shares of Ivanhoe Mines in a research report on Monday, January 26th.

Ivanhoe Mines Stock Down 0.1%

IVPAF opened at $11.41 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.03 and a current ratio of 4.23. The company has a market capitalization of $16.27 billion and a PE ratio of 60.06. The stock’s fifty day moving average is $12.03 and its 200-day moving average is $10.52. Ivanhoe Mines has a one year low of $6.50 and a one year high of $15.00.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its earnings results on Wednesday, February 18th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Ivanhoe Mines had a return on equity of 5.02% and a net margin of 59.23%.The business had revenue of $138.42 million during the quarter, compared to analysts’ expectations of $189.75 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.