Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) was upgraded by analysts at UBS Group to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.
Several other equities analysts have also recently issued reports on IVPAF. Scotiabank cut shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating in a research note on Thursday. TD Securities raised shares of Ivanhoe Mines to a "strong-buy" rating in a report on Tuesday, June 3rd.
Check Out Our Latest Research Report on IVPAF
Ivanhoe Mines Price Performance
OTCMKTS IVPAF traded down $0.05 during mid-day trading on Thursday, reaching $7.27. The stock had a trading volume of 536,780 shares, compared to its average volume of 337,759. The stock has a market cap of $9.84 billion and a PE ratio of 14.70. Ivanhoe Mines has a 1 year low of $6.50 and a 1 year high of $15.53. The company has a fifty day moving average price of $8.94 and a 200 day moving average price of $10.41.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last posted its quarterly 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 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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