Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $15.20.

IVPAF has been the topic of several recent analyst reports. Morgan Stanley set a $15.20 price target on Ivanhoe Mines in a research note on Monday, December 15th. Citigroup reaffirmed a “buy” 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 research note on Monday, September 29th. Scotiabank upgraded shares of Ivanhoe Mines from a “hold” rating to an “outperform” rating in a research report on Monday, September 29th. Finally, Jefferies Financial Group lowered shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a report on Sunday, December 7th.

Ivanhoe Mines Stock Performance

OTCMKTS:IVPAF opened at $11.69 on Friday. The company’s 50-day moving average is $10.09 and its two-hundred day moving average is $9.32. Ivanhoe Mines has a 1-year low of $6.50 and a 1-year high of $12.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.23 and a quick ratio of 4.03. The firm has a market capitalization of $16.63 billion and a price-to-earnings ratio of 53.14.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Ivanhoe Mines had a net margin of 89.02% and a return on equity of 5.99%. The firm had revenue of $129.40 million for the quarter, compared to analyst estimates of $128.95 million.

Ivanhoe Mines Company Profile

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.