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

Key Points

• Ivanhoe Mines Ltd. has received an average rating of "Strong Buy" from six analysts, with one hold and five strong buy recommendations.
• The company's stock recently saw a trading increase of 2.1% and has a market capitalization of $11.08 billion with a price-to-earnings ratio of 16.55.
• For its last quarter, Ivanhoe Mines reported a earnings miss with $0.03 per share, falling short of the $0.04 consensus estimate.

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) have earned a consensus recommendation of "Strong Buy" from the six research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a strong buy recommendation to the company.

Several equities research analysts have recently weighed in on IVPAF shares. Stifel Canada upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Tuesday, July 8th. Raymond James Financial upgraded shares of Ivanhoe Mines to a "moderate buy" rating in a research report on Monday, June 30th. Royal Bank Of Canada raised shares of Ivanhoe Mines to a "moderate buy" rating in a research note on Tuesday, June 17th. UBS Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, Canaccord Genuity Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a research note on Friday, June 13th.

Ivanhoe Mines Price Performance

IVPAF stock traded down $0.10 during trading on Thursday, reaching $8.38. 15,613 shares of the company were exchanged, compared to its average volume of 331,699. The company has a 50-day moving average of $7.90 and a two-hundred day moving average of $9.12. The company has a market capitalization of $11.34 billion and a price-to-earnings ratio of 16.93. Ivanhoe Mines has a twelve month low of $6.50 and a twelve month high of $15.53.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The company had revenue of $96.76 million for the quarter, compared to analyst estimates of $101.84 million.

About Ivanhoe Mines

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.