Ivanhoe Mines (OTCMKTS:IVPAF) Raised to Strong-Buy at TD Securities

Ivanhoe Mines (OTCMKTS:IVPAF) was upgraded by stock analysts at TD Securities to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Scotiabank reiterated an “outperform” rating on shares of Ivanhoe Mines in a research note on Thursday, May 15th.

Ivanhoe Mines Trading Down 0.1%

IVPAF opened at $7.80 on Tuesday. The stock has a market capitalization of $10.55 billion and a P/E ratio of 15.77. Ivanhoe Mines has a 12 month low of $6.92 and a 12 month high of $15.53. The firm’s fifty day simple moving average is $8.98 and its 200 day simple moving average is $10.67.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $77.02 million during the quarter, compared to analyst estimates of $108.71 million.

About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.