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Ivanhoe Mines (OTCMKTS:IVPAF) Hits New 52-Week Low - Should You Sell?

Ivanhoe Mines logo with Basic Materials background

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $6.50 and last traded at $7.32, with a volume of 1007662 shares trading hands. The stock had previously closed at $7.88.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Thursday. TD Securities raised shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Tuesday, June 3rd. Finally, Scotiabank downgraded shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a report on Thursday.

Check Out Our Latest Stock Analysis on Ivanhoe Mines

Ivanhoe Mines Trading Down 0.7%

The stock has a market capitalization of $9.84 billion and a PE ratio of 14.70. The stock's fifty day simple moving average is $8.94 and its 200-day simple moving average is $10.39.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The firm had revenue of $77.02 million for the quarter, compared to analysts' expectations 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.

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