Analysts Set Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Target Price at $15.20

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have earned an average rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.20.

Several equities analysts have recently commented on IVPAF shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Ivanhoe Mines in a report on Wednesday, January 14th. Morgan Stanley set a $15.20 price target on Ivanhoe Mines in a report on Monday, December 15th. Jefferies Financial Group lowered Ivanhoe Mines from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Canaccord Genuity Group downgraded Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Scotiabank reiterated an “outperform” rating on shares of Ivanhoe Mines in a research note on Monday, January 26th.

Ivanhoe Mines Trading Down 2.3%

OTCMKTS IVPAF opened at $7.92 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.10 and a current ratio of 2.23. Ivanhoe Mines has a one year low of $6.50 and a one year high of $15.00. The company has a 50-day simple moving average of $11.40 and a 200-day simple moving average of $10.63. The firm has a market capitalization of $11.29 billion and a PE ratio of 41.69.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Ivanhoe Mines had a net margin of 59.23% and a return on equity of 4.90%. The firm had revenue of $138.42 million for the quarter, compared to analyst estimates of $189.75 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.