Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives $15.20 Consensus Target Price from Analysts

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.20.

A number of brokerages have recently issued reports on IVPAF. Raymond James Financial cut Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Morgan Stanley upgraded Ivanhoe Mines from a “negative” rating to an “overweight” rating in a report on Wednesday, July 8th. Jefferies Financial Group restated a “hold” rating on shares of Ivanhoe Mines in a research report on Monday, July 6th. Royal Bank Of Canada cut Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Canaccord Genuity Group upgraded Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th.

Ivanhoe Mines Price Performance

IVPAF stock opened at $7.53 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.16 and a current ratio of 2.33. Ivanhoe Mines has a 52 week low of $6.75 and a 52 week high of $15.00. The firm’s fifty day moving average is $7.99 and its 200 day moving average is $9.43. The firm has a market cap of $10.74 billion, a P/E ratio of 83.68 and a beta of 0.90.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $165.53 million for the quarter, compared to analysts’ expectations of $186.31 million. Ivanhoe Mines had a net margin of 24.86% and a return on equity of 5.14%. Research analysts predict that Ivanhoe Mines will post 0.34 earnings per share for the current year.

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.