Ivanhoe Mines (IVPAF) Projected to Post Quarterly Earnings on Wednesday

Ivanhoe Mines (OTCMKTS:IVPAF) is expected to be announcing its resultson Wednesday, July 29th. Analysts expect Ivanhoe Mines to announce earnings of $0.07 per share and revenue of $201.6690 million for the quarter.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $165.53 million during the quarter, compared to analyst estimates of $186.31 million. Ivanhoe Mines had a net margin of 24.86% and a return on equity of 5.14%. On average, analysts expect Ivanhoe Mines to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ivanhoe Mines Price Performance

OTCMKTS:IVPAF opened at $7.53 on Monday. The company has a market cap of $10.74 billion, a PE ratio of 83.68 and a beta of 0.90. The stock has a 50-day simple moving average of $7.99 and a 200 day simple moving average of $9.41. 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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IVPAF. Jefferies Financial Group restated a “hold” rating on shares of Ivanhoe Mines in a research note on Monday, July 6th. Raymond James Financial lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. Canaccord Genuity Group raised Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a research note on Monday, June 15th. Finally, Royal Bank Of Canada lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Ivanhoe Mines presently has a consensus rating of “Moderate Buy” and a consensus 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.