Free Trial

Ivanhoe Mines (OTCMKTS:IVPAF) Raised to "Strong-Buy" at UBS Group

Ivanhoe Mines logo with Basic Materials background

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

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in Ivanhoe Mines Right Now?

Before you consider Ivanhoe Mines, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ivanhoe Mines wasn't on the list.

While Ivanhoe Mines currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines