Ivanhoe Mines (IVPAF) Projected to Post Earnings on Wednesday

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) is anticipated to release its earnings data after the market closes on Wednesday, July 30th. Analysts expect Ivanhoe Mines to post earnings of $0.05 per share and revenue of $101.84 million for the quarter.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $77.02 million during the quarter, compared to analyst estimates of $108.71 million.

Ivanhoe Mines Trading Down 1.9%

Shares of Ivanhoe Mines stock traded down $0.16 during trading on Friday, reaching $8.30. The company's stock had a trading volume of 179,282 shares, compared to its average volume of 349,718. The company has a 50-day moving average price of $8.07 and a two-hundred day moving average price of $9.38. The firm has a market cap of $11.24 billion and a PE ratio of 16.78. Ivanhoe Mines has a fifty-two week low of $6.50 and a fifty-two week high of $15.53.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IVPAF. Citigroup raised shares of Ivanhoe Mines to a "strong-buy" rating in a report on Monday, June 16th. UBS Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a report on Thursday, June 12th. Raymond James Financial raised shares of Ivanhoe Mines to a "moderate buy" rating in a report on Monday, June 30th. Royal Bank Of Canada raised Ivanhoe Mines to a "moderate buy" rating in a report on Tuesday, June 17th. Finally, TD Securities raised Ivanhoe Mines to a "strong-buy" rating in a report on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, Ivanhoe Mines presently has an average rating of "Strong Buy".

About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.