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

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.

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) has been given an average rating of "Strong Buy" by the six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a strong buy recommendation on the company.

Several equities research analysts recently issued reports on IVPAF shares. Raymond James Financial upgraded Ivanhoe Mines to a "moderate buy" rating in a report on Monday, June 30th. Royal Bank Of Canada upgraded shares of Ivanhoe Mines to a "moderate buy" rating in a research note on Tuesday, June 17th. Scotiabank lowered shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 12th. Canaccord Genuity Group upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a research note on Friday, June 13th. Finally, Citigroup upgraded Ivanhoe Mines to a "strong-buy" rating in a research note on Monday, June 16th.

Ivanhoe Mines Trading Up 2.1%

Ivanhoe Mines stock opened at $8.19 on Thursday. The firm's fifty day moving average price is $7.88 and its two-hundred day moving average price is $9.19. The firm has a market capitalization of $11.08 billion and a price-to-earnings ratio of 16.55. 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 announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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.

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