Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.35 and traded as high as $10.70. Ivanhoe Mines shares last traded at $9.95, with a volume of 22,171 shares changing hands.
Wall Street Analyst Weigh In
Separately, Scotiabank reaffirmed an "outperform" rating on shares of Ivanhoe Mines in a research report on Thursday, May 15th.
Read Our Latest Research Report on IVPAF
Ivanhoe Mines Price Performance
The company has a market capitalization of $12.67 billion and a price-to-earnings ratio of 18.94. The stock has a 50 day moving average price of $9.31 and a two-hundred day moving average price of $10.91.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last issued its earnings results 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 company had revenue of $77.02 million for the quarter, compared to the consensus estimate of $108.71 million.
Ivanhoe Mines Company Profile
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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.
Further Reading
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