Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Given Consensus Recommendation of "Moderate Buy" by Analysts

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) has been given an average rating of "Moderate Buy" by the ten research firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.20.

Several research analysts have recently commented on IVPAF shares. Royal Bank Of Canada lowered Ivanhoe Mines from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 6th. Scotiabank reiterated a "sector perform" rating on shares of Ivanhoe Mines in a research report on Friday. Canaccord Genuity Group lowered Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Finally, Raymond James Financial lowered Ivanhoe Mines from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 1st.

Ivanhoe Mines Price Performance

Shares of IVPAF opened at $8.62 on Friday. The firm has a market cap of $12.29 billion and a price-to-earnings ratio of 95.79. The stock has a 50 day moving average of $8.84 and a 200-day moving average of $10.22. The company has a current ratio of 2.23, a quick ratio of 2.10 and a debt-to-equity ratio of 0.16. Ivanhoe Mines has a 52 week low of $6.50 and a 52 week high of $15.00.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $165.53 million during the quarter, compared to analyst estimates of $186.31 million. Ivanhoe Mines had a return on equity of 5.20% and a net margin of 24.86%. As a group, analysts forecast that Ivanhoe Mines will post 0.25 EPS for the current year.

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.

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