Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) was upgraded by research analysts at Royal Bank Of Canada to a "moderate buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
A number of other research firms have also recently commented on IVPAF. 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 research note on Tuesday, June 3rd. UBS Group upgraded Ivanhoe Mines to a "strong-buy" rating in a research note on Thursday, June 12th. Citigroup upgraded Ivanhoe Mines to a "strong-buy" rating in a research note on Monday. Finally, Scotiabank lowered Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a hold rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, Ivanhoe Mines presently has a consensus rating of "Strong Buy".
Get Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Trading Down 2.9%
Shares of Ivanhoe Mines stock opened at $7.65 on Tuesday. The company has a 50 day moving average of $8.93 and a 200-day moving average of $10.31. Ivanhoe Mines has a 1-year low of $6.50 and a 1-year high of $15.53. The company has a market cap of $10.36 billion and a PE ratio of 15.46.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $77.02 million for the quarter, compared to the consensus estimate 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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