Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) gapped up before the market opened 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.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. UBS Group upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Thursday, June 12th. Royal Bank Of Canada upgraded shares of Ivanhoe Mines to a "moderate buy" rating in a research report on Tuesday, June 17th. Canaccord Genuity Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a research note on Friday, June 13th. TD Securities raised shares of Ivanhoe Mines to a "strong-buy" rating in a research note on Tuesday, June 3rd. Finally, Raymond James Financial raised shares of Ivanhoe Mines to a "moderate buy" rating in a research note on Monday, June 30th. One research analyst has rated the stock with a hold rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Strong Buy".
Get Our Latest Report on Ivanhoe Mines
Ivanhoe Mines Trading Up 4.1%
The stock has a market cap of $10.92 billion and a P/E ratio of 16.31. The firm's 50-day simple moving average is $8.52 and its 200 day simple moving average is $9.73.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The firm had revenue of $77.02 million during the quarter, compared to the consensus estimate of $108.71 million.
About Ivanhoe Mines
(
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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.
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