Ivanhoe Mines (OTCMKTS:IVPAF) Upgraded at Citigroup

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) was upgraded by equities researchers at Citigroup to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on IVPAF. Canaccord Genuity Group upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a report on Friday, June 13th. UBS Group raised shares of Ivanhoe Mines to a "strong-buy" rating in a research note on Thursday, June 12th. Scotiabank downgraded shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. Finally, TD Securities raised Ivanhoe Mines to a "strong-buy" rating in a research note on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, Ivanhoe Mines currently has an average rating of "Strong Buy".

Ivanhoe Mines Price Performance

Shares of OTCMKTS:IVPAF opened at $7.65 on Monday. The business's 50 day simple moving average is $8.93 and its 200-day simple moving average is $10.31. The firm has a market capitalization of $10.36 billion and a price-to-earnings ratio of 15.46. Ivanhoe Mines has a 12 month low of $6.50 and a 12 month high of $15.53.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $77.02 million during the quarter, compared to analysts' expectations of $108.71 million.

Ivanhoe Mines Company Profile

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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