Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01), Zacks reports. The firm had revenue of $96.76 million during the quarter, compared to analyst estimates of $101.84 million.
Ivanhoe Mines Trading Down 1.2%
Shares of IVPAF traded down $0.09 during midday trading on Friday, reaching $7.72. 188,023 shares of the stock were exchanged, compared to its average volume of 326,136. Ivanhoe Mines has a 52 week low of $6.50 and a 52 week high of $15.53. The company's 50 day moving average is $7.91 and its two-hundred day moving average is $9.25. The company has a market capitalization of $10.45 billion and a P/E ratio of 15.61.
Wall Street Analyst Weigh In
Several research firms recently weighed in on IVPAF. Raymond James Financial upgraded Ivanhoe Mines to a "moderate buy" rating in a report on Monday, June 30th. Scotiabank lowered Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. TD Securities upgraded Ivanhoe Mines to a "strong-buy" rating in a report on Tuesday, June 3rd. Citigroup raised Ivanhoe Mines to a "strong-buy" rating in a research report on Monday, June 16th. Finally, Royal Bank Of Canada raised Ivanhoe Mines to a "moderate buy" rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a hold rating and five have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Strong Buy".
Check Out Our Latest Research Report on IVPAF
About Ivanhoe Mines
(
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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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