Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) was upgraded by analysts at UBS Group to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.
Other equities research analysts have also issued reports about the stock. TD Securities upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a research note on Tuesday, June 3rd. Scotiabank lowered shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research note on Thursday.
View Our Latest Stock Analysis on Ivanhoe Mines
Ivanhoe Mines Price Performance
OTCMKTS IVPAF traded up $0.61 during mid-day trading on Thursday, reaching $7.88. The stock had a trading volume of 398,811 shares, compared to its average volume of 338,298. Ivanhoe Mines has a 1 year low of $6.50 and a 1 year high of $15.53. The stock has a market cap of $10.67 billion and a PE ratio of 15.93. The company has a fifty day moving average price of $8.95 and a 200 day moving average price of $10.33.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $77.02 million during the quarter, compared to analysts' expectations of $108.71 million.
About Ivanhoe Mines
(
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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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