Ivanhoe Mines (OTCMKTS:IVPAF) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Ivanhoe Mines (OTCMKTS:IVPAF - Free Report) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. Citigroup upgraded Ivanhoe Mines to a "strong-buy" rating in a research note on Monday, June 16th. Canaccord Genuity Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a report on Friday, June 13th. Raymond James Financial raised Ivanhoe Mines to a "moderate buy" rating in a report on Monday, June 30th. Royal Bank Of Canada raised Ivanhoe Mines to a "moderate buy" rating in a research note on Tuesday, June 17th. Finally, Scotiabank downgraded Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a hold rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Ivanhoe Mines Stock Up 2.8%

Shares of IVPAF stock traded up $0.22 during mid-day trading on Tuesday, hitting $8.03. The company's stock had a trading volume of 436,843 shares, compared to its average volume of 363,154. Ivanhoe Mines has a 52-week low of $6.50 and a 52-week high of $15.53. The business has a 50-day moving average price of $8.47 and a 200 day moving average price of $9.69.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The company had revenue of $77.02 million for the quarter, compared to analysts' expectations of $108.71 million.

Ivanhoe Mines Company Profile

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.