Ivanhoe Mines Ltd. (IVPAF) - What Are Analysts Saying About This Stock?

Key Points

• Analysts rate Ivanhoe Mines a “Moderate Buy”: Four analysts recommend holding, two recommend buying, and one gives a strong-buy rating. The average 12-month price target is $15.20.
• Shares opened at $6.46, near the company’s 52-week low of $6.30 and well below its 50- and 200-day moving averages of $8.19 and $8.92, respectively.
• Ivanhoe Mines reported quarterly EPS of $0.03, missing the $0.06 consensus estimate, while revenue of $152.61 million fell short of analysts’ $202.11 million forecast.

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $15.20.

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group raised shares of Ivanhoe Mines from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Scotiabank reiterated a "sector perform" rating on shares of Ivanhoe Mines in a report on Wednesday, September 9th. Jefferies Financial Group reissued a "hold" rating on shares of Ivanhoe Mines in a research report on Monday, July 6th. Morgan Stanley restated an "overweight" rating on shares of Ivanhoe Mines in a research note on Wednesday, October 7th. Finally, Citigroup reissued a "buy" rating on shares of Ivanhoe Mines in a report on Wednesday, October 14th.

Ivanhoe Mines Trading Down 3.9%

IVPAF opened at $6.46 on Friday. The firm's fifty day moving average is $8.19 and its two-hundred day moving average is $8.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.89 and a current ratio of 2.16. The firm has a market cap of $9.21 billion, a PE ratio of 71.78 and a beta of 1.08. Ivanhoe Mines has a twelve month low of $6.30 and a twelve month high of $15.00.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $152.61 million during the quarter, compared to analyst estimates of $202.11 million. Ivanhoe Mines had a net margin of 23.47% and a return on equity of 5.07%. Equities research analysts anticipate that Ivanhoe Mines will post 0.30 EPS for the current year.

About Ivanhoe Mines

Ivanhoe Mines Ltd. is a Canadian mining and mineral exploration company focused on developing and operating large-scale projects in Africa. Its principal commodities include copper, zinc, platinum-group metals, nickel, copper and gold.

The company's flagship Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo is being developed as a major copper mining and processing operation. Ivanhoe also holds the Kipushi zinc-copper-silver-germanium mine in the Democratic Republic of the Congo, as well as the Platreef platinum-group metals, nickel, copper and gold project in South Africa.

Ivanhoe's exploration portfolio includes the Western Foreland project in the Democratic Republic of the Congo, an extensive exploration area near Kamoa-Kakula.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.