Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $7.60, but opened at $7.96. Ivanhoe Mines shares last traded at $7.43, with a volume of 78,721 shares changing hands.
Wall Street Analyst Weigh In
Several research firms recently commented on IVPAF. TD Securities upgraded Ivanhoe Mines to a "strong-buy" rating in a research report on Tuesday, June 3rd. Citigroup raised Ivanhoe Mines to a "strong-buy" rating in a research note on Monday, June 16th. Raymond James Financial raised Ivanhoe Mines to a "moderate buy" rating in a research note on Monday, June 30th. Canaccord Genuity Group raised Ivanhoe Mines to a "strong-buy" rating in a research note on Friday, June 13th. Finally, Royal Bank Of Canada raised Ivanhoe Mines to a "moderate buy" rating in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a hold rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".
Check Out Our Latest Report on Ivanhoe Mines
Ivanhoe Mines Stock Performance
The stock has a market capitalization of $10.87 billion and a P/E ratio of 16.23. The business has a 50 day simple moving average of $8.50 and a 200-day simple moving average of $9.72.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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
(
Get Free Report)
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.
Recommended Stories
Before you consider Ivanhoe Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ivanhoe Mines wasn't on the list.
While Ivanhoe Mines currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
