Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives Average Rating of “Moderate Buy” from Brokerages

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.20.

IVPAF has been the topic of several analyst reports. Canaccord Genuity Group lowered Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. Scotiabank reiterated a “sector perform” rating on shares of Ivanhoe Mines in a research note on Friday, May 8th. Finally, Raymond James Financial lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 1st.

Ivanhoe Mines Trading Down 0.4%

IVPAF stock opened at $9.30 on Friday. Ivanhoe Mines has a 1-year low of $6.50 and a 1-year high of $15.00. The firm has a market cap of $13.26 billion and a P/E ratio of 103.29. The business’s 50 day moving average is $8.65 and its 200-day moving average is $10.18. The company has a current ratio of 2.23, a quick ratio of 2.10 and a debt-to-equity ratio of 0.16.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Ivanhoe Mines had a return on equity of 5.20% and a net margin of 24.86%.The company had revenue of $165.53 million for the quarter, compared to analyst estimates of $186.31 million. Equities analysts anticipate that Ivanhoe Mines will post 0.25 earnings per share for the current fiscal year.

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.