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

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have earned a consensus rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $15.20.

A number of research firms have recently weighed in on IVPAF. Raymond James Financial restated an “outperform” rating on shares of Ivanhoe Mines in a report on Wednesday, January 14th. Canaccord Genuity Group downgraded Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a report on Friday. Jefferies Financial Group cut Ivanhoe Mines from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. Morgan Stanley set a $15.20 price objective on shares of Ivanhoe Mines in a report on Monday, December 15th. Finally, Scotiabank reiterated an “outperform” rating on shares of Ivanhoe Mines in a research note on Monday, January 26th.

Ivanhoe Mines Stock Up 2.6%

Shares of OTCMKTS IVPAF opened at $11.68 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.23 and a quick ratio of 4.03. Ivanhoe Mines has a 1 year low of $6.50 and a 1 year high of $15.00. The stock has a market capitalization of $16.66 billion and a P/E ratio of 61.48. The company has a 50-day moving average price of $11.91 and a 200-day moving average price of $10.42.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $138.42 million for the quarter, compared to analysts’ expectations of $189.75 million. Ivanhoe Mines had a net margin of 59.23% and a return on equity of 5.02%.

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.