Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives Consensus Recommendation of “Buy” from Analysts

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company.

Several equities research analysts recently commented on IVPAF shares. Scotiabank raised Ivanhoe Mines from a “hold” rating to an “outperform” rating in a research report on Monday, September 29th. Morgan Stanley reissued an “overweight” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 8th. TD Securities reaffirmed a “buy” rating on shares of Ivanhoe Mines in a report on Monday, September 29th. Finally, Citigroup reiterated a “buy” rating on shares of Ivanhoe Mines in a research note on Wednesday, October 8th.

Ivanhoe Mines Trading Down 1.5%

OTCMKTS:IVPAF opened at $8.81 on Friday. The company’s 50 day moving average price is $10.04 and its 200-day moving average price is $8.97. Ivanhoe Mines has a 52 week low of $6.50 and a 52 week high of $15.00.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The business had revenue of $129.40 million during the quarter, compared to the consensus estimate of $128.95 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.