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

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) was upgraded by research analysts at Stifel Canada to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

Several other research firms also recently weighed in on IVPAF. Royal Bank Of Canada raised Ivanhoe Mines to a "moderate buy" rating in a report on Tuesday, June 17th. Canaccord Genuity Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Friday, June 13th. UBS Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a report on Thursday, June 12th. Raymond James Financial upgraded Ivanhoe Mines to a "moderate buy" rating in a research report on Monday, June 30th. Finally, Scotiabank cut Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 12th. One 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.com, the stock presently has an average rating of "Strong Buy".

Ivanhoe Mines Price Performance

Shares of IVPAF stock opened at $7.81 on Tuesday. Ivanhoe Mines has a 1-year low of $6.50 and a 1-year high of $15.53. The company has a market cap of $10.57 billion and a price-to-earnings ratio of 15.79. The stock's fifty day moving average price is $8.50 and its 200 day moving average price is $9.72.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 EPS for the quarter, topping 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.

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.

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