Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.49 and traded as low as $7.88. Ivanhoe Mines shares last traded at $7.88, with a volume of 356,378 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on IVPAF shares. Scotiabank downgraded shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research report on Thursday. UBS Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Thursday. Finally, TD Securities raised shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Tuesday, June 3rd.
View Our Latest Stock Report on IVPAF
Ivanhoe Mines Trading Down 0.7%
The business's 50-day moving average is $8.94 and its two-hundred day moving average is $10.37. The firm has a market cap of $9.84 billion and a P/E ratio of 14.70.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The company had revenue of $77.02 million during the quarter, compared to analyst estimates 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.
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