Ivanhoe Mines (OTCMKTS:IVPAF) Rating Lowered to "Hold" at Royal Bank Of Canada

Key Points

• Royal Bank of Canada downgraded Ivanhoe Mines from a "moderate buy" to a "hold" in a report released Monday.
• Several other brokers (Canaccord, Raymond James, Scotiabank, Jefferies) have also cut ratings recently, though the MarketBeat consensus remains a "Moderate Buy" with a consensus price target of $15.20.
• IVPAF opened Monday at $7.55 (1‑year range $6.50–$15.00), has a market cap of $10.76B and a P/E of 39.72; the company reported Q earnings of $0.04/sh (in line) but revenue of $138.42M missed estimates of $189.75M.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) was downgraded by equities researchers at Royal Bank Of Canada from a "moderate buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

IVPAF has been the subject of several other research reports. Canaccord Genuity Group lowered shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. Morgan Stanley set a $15.20 target price on shares of Ivanhoe Mines in a research note on Monday, December 15th. Raymond James Financial downgraded shares of Ivanhoe Mines from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 1st. Scotiabank downgraded shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 1st. Finally, Jefferies Financial Group downgraded shares of Ivanhoe Mines from a "buy" rating to a "hold" rating in a report on Sunday, December 7th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.20.

Ivanhoe Mines Stock Up 0.6%

IVPAF stock opened at $7.55 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 2.10. Ivanhoe Mines has a 1-year low of $6.50 and a 1-year high of $15.00. The firm has a fifty day moving average price of $10.53 and a two-hundred day moving average price of $10.54. The firm has a market cap of $10.76 billion and a price-to-earnings ratio of 39.72.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Ivanhoe Mines had a net margin of 59.23% and a return on equity of 4.90%. The firm had revenue of $138.42 million during the quarter, compared to analyst estimates of $189.75 million.

Ivanhoe Mines Company Profile

Ivanhoe Mines is a Canada-based mineral exploration and development company focused on unlocking high-value deposits of copper, nickel, zinc, and platinum-group metals. The company pursues a two-pronged strategy of advancing large-scale mining projects through feasibility and development stages while also expanding its exploration footprint. Ivanhoe's technical expertise spans geology, engineering, environmental management, and community relations, enabling it to secure the necessary permits and infrastructure for major mine developments.

The company's flagship asset is the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), a joint venture with the government of the DRC and Zijin Mining.

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