Ivanhoe Mines (OTCMKTS:IVPAF) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Key Points

• Ivanhoe Mines reported quarterly EPS of $0.04, missing analysts’ $0.09 consensus estimate by $0.05.
• Shares fell $0.06 to $6.37 in Tuesday trading, near the stock’s 52-week low of $6.30.
• Analysts’ average rating is “Moderate Buy”, with an average price target of $15.20.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.05), Zacks reports. Ivanhoe Mines had a return on equity of 5.07% and a net margin of 23.47%.

Ivanhoe Mines Stock Performance

Shares of OTCMKTS:IVPAF traded down $0.06 during trading on Tuesday, hitting $6.37. 1,426,266 shares of the stock were exchanged, compared to its average volume of 468,444. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 70.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.89 and a current ratio of 2.16. Ivanhoe Mines has a 1-year low of $6.30 and a 1-year high of $15.00. The company's fifty day simple moving average is $8.09 and its 200-day simple moving average is $8.86.

Analyst Ratings Changes

Several equities analysts have commented on the company. Canaccord Genuity Group upgraded 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 research note on Wednesday, September 9th. Morgan Stanley reiterated an "overweight" rating on shares of Ivanhoe Mines in a report on Wednesday, October 7th. Jefferies Financial Group restated a "hold" rating on shares of Ivanhoe Mines in a report on Monday, July 6th. Finally, Citigroup reaffirmed a "buy" rating on shares of Ivanhoe Mines in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Ivanhoe Mines has an average rating of "Moderate Buy" and an average target price of $15.20.

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.

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