Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $9.46, but opened at $9.99. Ivanhoe Mines shares last traded at $10.37, with a volume of 96,375 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on IVPAF shares. Stifel Canada raised Ivanhoe Mines to a "strong-buy" rating in a report on Tuesday, July 8th. Canaccord Genuity Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a report on Friday, June 13th. TD Securities raised shares of Ivanhoe Mines to a "strong-buy" rating in a report on Tuesday, June 3rd. Scotiabank downgraded shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. Finally, Raymond James Financial raised shares of Ivanhoe Mines to a "moderate buy" rating in a research note on Monday, June 30th. Five analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Ivanhoe Mines presently has an average rating of "Strong Buy".
Get Our Latest Report on Ivanhoe Mines
Ivanhoe Mines Price Performance
The firm has a fifty day simple moving average of $8.57 and a 200-day simple moving average of $8.69. The firm has a market cap of $14.04 billion and a P/E ratio of 20.96.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The business had revenue of $96.76 million for the quarter, compared to analysts' expectations of $101.84 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.
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