Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Ivanhoe Mines “Moderate Buy”, with four holds, three buys and one strong buy among eight covering brokerages. The average 12-month price target is $15.20, compared with the stock’s recent $8.22 price.
• Recent analyst sentiment improved, with Morgan Stanley upgrading the stock to “overweight” and Canaccord Genuity raising its rating to “strong buy,” while Jefferies and Scotiabank maintained hold-equivalent ratings.
• Ivanhoe Mines reported quarterly EPS of $0.03, below the $0.06 consensus estimate, while revenue of $152.61 million also missed estimates of $202.11 million. Shares have traded between $6.75 and $15.00 over the past year.

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.20.

A number of analysts have issued reports on the company. Morgan Stanley raised Ivanhoe Mines from a "negative" rating to an "overweight" rating in a research report on Wednesday, July 8th. Jefferies Financial Group reissued a "hold" rating on shares of Ivanhoe Mines in a research report on Monday, July 6th. Scotiabank reissued a "sector perform" rating on shares of Ivanhoe Mines in a research report on Monday, June 15th. Finally, Canaccord Genuity Group raised Ivanhoe Mines from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th.

Ivanhoe Mines Stock Down 0.1%

Shares of OTCMKTS IVPAF opened at $8.22 on Monday. Ivanhoe Mines has a 1 year low of $6.75 and a 1 year high of $15.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.33 and a quick ratio of 2.16. The company has a market capitalization of $11.72 billion, a P/E ratio of 91.33 and a beta of 0.98. The company has a 50 day simple moving average of $7.79 and a 200-day simple moving average of $8.99.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $152.61 million during the quarter, compared to analyst estimates of $202.11 million. Ivanhoe Mines had a net margin of 23.47% and a return on equity of 5.10%. On average, equities research analysts predict that Ivanhoe Mines will post 0.31 earnings per share 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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