Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Given Average Recommendation of “Strong Buy” by Analysts

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have earned a consensus rating of “Strong Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a strong buy rating on the company.

IVPAF has been the topic of several recent research reports. Canaccord Genuity Group upgraded Ivanhoe Mines to a “strong-buy” rating in a report on Friday, June 13th. Citigroup upgraded Ivanhoe Mines to a “strong-buy” rating in a report on Monday, June 16th. UBS Group upgraded Ivanhoe Mines to a “strong-buy” rating in a report on Thursday, June 12th. Raymond James Financial upgraded Ivanhoe Mines to a “moderate buy” rating in a report on Monday, June 30th. Finally, Royal Bank Of Canada upgraded Ivanhoe Mines to a “moderate buy” rating in a report on Tuesday, June 17th.

Ivanhoe Mines Trading Up 2.7%

IVPAF opened at $9.02 on Monday. The stock’s 50-day moving average price is $8.13 and its 200 day moving average price is $8.79. Ivanhoe Mines has a 12-month low of $6.50 and a 12-month high of $15.53. The firm has a market cap of $12.21 billion and a price-to-earnings ratio of 18.23.

Ivanhoe Mines (OTCMKTS:IVPAF) last posted its earnings results on Wednesday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $96.76 million during the quarter, compared to analysts’ expectations of $101.84 million.

Ivanhoe Mines Company Profile

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.