Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) have been given an average recommendation of "Buy" by the three research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.
A number of research analysts have issued reports on the stock. Canaccord Genuity Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Friday, June 13th. Citigroup upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Monday. TD Securities raised shares of Ivanhoe Mines to a "strong-buy" rating in a research note on Tuesday, June 3rd. UBS Group raised Ivanhoe Mines to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, Scotiabank downgraded Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th.
Read Our Latest Report on IVPAF
Ivanhoe Mines Price Performance
IVPAF opened at $7.65 on Wednesday. The stock's 50 day simple moving average is $8.93 and its 200 day simple moving average is $10.31. The firm has a market cap of $10.36 billion and a price-to-earnings ratio of 15.46. Ivanhoe Mines has a 1 year low of $6.50 and a 1 year high of $15.53.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.10 EPS 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 the consensus estimate of $108.71 million.
About Ivanhoe Mines
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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.
Further Reading
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