Ivanhoe Mines (OTCMKTS:IVPAF) Upgraded by Royal Bank Of Canada to "Moderate Buy" Rating

Royal Bank Of Canada upgraded shares of Ivanhoe Mines (OTCMKTS:IVPAF - Free Report) to a moderate buy rating in a report issued on Tuesday morning,Zacks.com reports.

IVPAF has been the topic of a number of other research reports. TD Securities upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a report on Tuesday, June 3rd. Canaccord Genuity Group upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a report on Friday, June 13th. UBS Group upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a report on Thursday, June 12th. Citigroup upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a report on Monday, June 16th. Finally, Scotiabank lowered shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Ivanhoe Mines presently has an average rating of "Strong Buy".

Ivanhoe Mines Trading Down 4.8%

Shares of OTCMKTS IVPAF traded down $0.37 during midday trading on Tuesday, reaching $7.32. The company's stock had a trading volume of 383,416 shares, compared to its average volume of 532,666. The company has a 50 day moving average price of $8.89 and a 200 day moving average price of $10.18. Ivanhoe Mines has a one year low of $6.50 and a one year high of $15.53. The company has a market cap of $9.91 billion and a price-to-earnings ratio of 14.80.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The firm had revenue of $77.02 million for the quarter, compared to analyst estimates of $108.71 million.

About Ivanhoe Mines

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.