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Ivanhoe Mines (OTCMKTS:IVPAF) Stock Rating Lowered by Scotiabank

Ivanhoe Mines logo with Basic Materials background

Scotiabank cut shares of Ivanhoe Mines (OTCMKTS:IVPAF - Free Report) from a strong-buy rating to a hold rating in a research report report published on Thursday, Marketbeat.com reports.

Separately, TD Securities raised Ivanhoe Mines to a "strong-buy" rating in a research report on Tuesday, June 3rd.

Read Our Latest Analysis on Ivanhoe Mines

Ivanhoe Mines Trading Up 8.4%

Ivanhoe Mines stock traded up $0.61 during trading hours on Thursday, hitting $7.88. 398,811 shares of the stock traded hands, compared to its average volume of 338,298. The firm's 50-day moving average price is $8.95 and its two-hundred day moving average price is $10.33. The company has a market cap of $10.67 billion and a PE ratio of 15.93. Ivanhoe Mines has a one year low of $6.50 and a one year high of $15.53.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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.

Ivanhoe Mines Company Profile

(Get Free Report)

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.

Further Reading

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