Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) have earned a consensus rating of "Strong Buy" from the six analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a strong buy rating on the company.
Several equities analysts recently issued reports on IVPAF shares. Raymond James Financial upgraded Ivanhoe Mines to a "moderate buy" rating in a research report on Monday, June 30th. Citigroup upgraded Ivanhoe Mines to a "strong-buy" rating in a research report on Monday, June 16th. Canaccord Genuity Group upgraded Ivanhoe Mines to a "strong-buy" rating in a research report on Friday, June 13th. Scotiabank lowered Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada upgraded Ivanhoe Mines to a "moderate buy" rating in a research report on Tuesday, June 17th.
Read Our Latest Stock Analysis on Ivanhoe Mines
Ivanhoe Mines Price Performance
Shares of OTCMKTS:IVPAF traded up $0.04 on Friday, hitting $7.96. The company's stock had a trading volume of 246,337 shares, compared to its average volume of 342,400. The company has a 50-day simple moving average of $8.33 and a 200 day simple moving average of $9.58. Ivanhoe Mines has a 1 year low of $6.50 and a 1 year high of $15.53. The company has a market capitalization of $10.77 billion and a PE ratio of 16.09.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The firm had revenue of $77.02 million for the quarter, compared to analysts' expectations of $108.71 million.
Ivanhoe Mines Company Profile
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Get Free ReportIvanhoe 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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