Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $6.50 and last traded at $7.32, with a volume of 1007662 shares traded. The stock had previously closed at $7.88.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on IVPAF shares. TD Securities raised Ivanhoe Mines to a "strong-buy" rating in a report on Tuesday, June 3rd. Scotiabank reiterated an "outperform" rating on shares of Ivanhoe Mines in a research report on Thursday, May 15th.
View Our Latest Report on IVPAF
Ivanhoe Mines Stock Down 7.1%
The firm has a market capitalization of $9.91 billion and a PE ratio of 14.81. The business's fifty day moving average price is $8.95 and its 200 day moving average price is $10.49.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $77.02 million during the quarter, compared to analyst estimates of $108.71 million.
About Ivanhoe Mines
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Ivanhoe Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ivanhoe Mines wasn't on the list.
While Ivanhoe Mines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
