Ivanhoe Mines (IVPAF) Expected to Announce Earnings on Wednesday

Ivanhoe Mines (OTCMKTS:IVPAF) is expected to release its results after the market closes on Wednesday, February 18th. Analysts expect Ivanhoe Mines to post earnings of $0.02 per share and revenue of $189.7460 million for the quarter.

Ivanhoe Mines Stock Performance

Ivanhoe Mines stock opened at $12.99 on Wednesday. Ivanhoe Mines has a 12-month low of $6.50 and a 12-month high of $15.00. The stock has a market capitalization of $18.52 billion and a price-to-earnings ratio of 59.05. The company has a quick ratio of 4.03, a current ratio of 4.23 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $10.19.

Analyst Ratings Changes

A number of brokerages recently commented on IVPAF. Morgan Stanley set a $15.20 price objective on Ivanhoe Mines in a research note on Monday, December 15th. Raymond James Financial reaffirmed an “outperform” rating on shares of Ivanhoe Mines in a research report on Wednesday, January 14th. Jefferies Financial Group downgraded Ivanhoe Mines from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Finally, Scotiabank restated an “outperform” rating on shares of Ivanhoe Mines in a report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $15.20.

About Ivanhoe Mines

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.