Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) is expected to be releasing its results after the market closes on Wednesday, October 29th. Analysts expect Ivanhoe Mines to post earnings of $0.0203 per share and revenue of $128.9480 million for the quarter.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The firm had revenue of $96.76 million for the quarter, compared to analyst estimates of $101.84 million.
Ivanhoe Mines Trading Down 5.2%
Shares of OTCMKTS:IVPAF opened at $10.27 on Wednesday. The stock has a market capitalization of $14.58 billion and a PE ratio of 20.76. Ivanhoe Mines has a 1 year low of $6.50 and a 1 year high of $15.00. The firm has a fifty day moving average price of $9.60 and a 200 day moving average price of $8.85.
Wall Street Analysts Forecast Growth
IVPAF has been the topic of a number of analyst reports. TD Securities reissued a "buy" rating on shares of Ivanhoe Mines in a report on Monday, September 29th. Raymond James Financial raised Ivanhoe Mines to a "moderate buy" rating in a research report on Monday, June 30th. Stifel Canada upgraded Ivanhoe Mines to a "strong-buy" rating in a report on Tuesday, July 8th. Scotiabank upgraded shares of Ivanhoe Mines from a "hold" rating to an "outperform" rating in a research note on Monday, September 29th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Ivanhoe Mines in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".
Check Out Our Latest Analysis on Ivanhoe Mines
About Ivanhoe Mines
(
Get Free Report)
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.
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