Ivanhoe Mines (OTCMKTS:IVPAF) Upgraded by TD Securities to Strong-Buy Rating

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) was upgraded by equities research analysts at TD Securities to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

Separately, Scotiabank reiterated an "outperform" rating on shares of Ivanhoe Mines in a research report on Thursday, May 15th.

Ivanhoe Mines Trading Down 2.7%

Shares of IVPAF traded down $0.23 during mid-day trading on Tuesday, hitting $8.19. The company's stock had a trading volume of 228,748 shares, compared to its average volume of 333,214. Ivanhoe Mines has a 1-year low of $6.92 and a 1-year high of $15.53. The firm has a market capitalization of $11.08 billion and a P/E ratio of 16.56. The firm has a 50-day simple moving average of $8.96 and a 200 day simple moving average of $10.59.

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 analysts' consensus estimates of $0.07 by $0.03. The company had revenue of $77.02 million for the quarter, compared to analyst estimates of $108.71 million.

Ivanhoe Mines Company Profile

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.