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

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

IVPAF has been the subject of a number of recent research reports. Raymond James Financial restated an “outperform” rating on shares of Ivanhoe Mines in a research note on Wednesday, January 14th. Scotiabank restated an “outperform” rating on shares of Ivanhoe Mines in a research note on Monday. Jefferies Financial Group lowered shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Citigroup reissued a “buy” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $15.20 price objective on Ivanhoe Mines in a report on Monday, December 15th.

Ivanhoe Mines Stock Performance

OTCMKTS:IVPAF opened at $13.88 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.03 and a current ratio of 4.23. The firm’s 50-day moving average is $11.04 and its 200-day moving average is $9.88. Ivanhoe Mines has a 52-week low of $6.50 and a 52-week high of $14.43. The company has a market cap of $19.77 billion and a price-to-earnings ratio of 63.09.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its quarterly earnings results 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. Ivanhoe Mines had a return on equity of 5.99% and a net margin of 89.02%.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.