Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) was upgraded by research analysts at TD Securities to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.
Separately, Scotiabank reaffirmed an "outperform" rating on shares of Ivanhoe Mines in a research report on Thursday, May 15th.
Read Our Latest Stock Analysis on Ivanhoe Mines
Ivanhoe Mines Price Performance
Shares of OTCMKTS:IVPAF traded up $0.62 during trading on Tuesday, reaching $8.42. 393,164 shares of the stock were exchanged, compared to its average volume of 334,201. The stock has a fifty day moving average of $8.98 and a two-hundred day moving average of $10.67. Ivanhoe Mines has a 1-year low of $6.92 and a 1-year high of $15.53. The firm has a market cap of $11.39 billion and a price-to-earnings ratio of 17.02.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.10 EPS 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.
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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