Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.71 and traded as low as $8.65. Ivanhoe Mines shares last traded at $8.71, with a volume of 348,307 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Jefferies Financial Group reiterated a "hold" rating on shares of Ivanhoe Mines in a report on Monday, July 6th. Morgan Stanley upgraded Ivanhoe Mines from a "negative" rating to an "overweight" rating in a report on Wednesday, July 8th. Canaccord Genuity Group raised shares of Ivanhoe Mines from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. Finally, Scotiabank reissued a "sector perform" rating on shares of Ivanhoe Mines in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $15.20.
View Our Latest Stock Analysis on IVPAF
Ivanhoe Mines Trading Down 3.1%
The firm has a market cap of $12.42 billion, a P/E ratio of 96.78 and a beta of 0.97. The company's 50 day moving average is $7.85 and its two-hundred day moving average is $8.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.33 and a quick ratio of 2.16.
Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The firm had revenue of $152.61 million during the quarter, compared to the consensus estimate of $202.11 million. Ivanhoe Mines had a return on equity of 5.10% and a net margin of 23.47%. On average, sell-side analysts predict that Ivanhoe Mines Ltd. will post 0.31 earnings per share for the current year.
Ivanhoe Mines Company Profile
(
Get Free Report)
Ivanhoe Mines is a Canada-based mineral exploration and development company focused on unlocking high-value deposits of copper, nickel, zinc, and platinum-group metals. The company pursues a two-pronged strategy of advancing large-scale mining projects through feasibility and development stages while also expanding its exploration footprint. Ivanhoe's technical expertise spans geology, engineering, environmental management, and community relations, enabling it to secure the necessary permits and infrastructure for major mine developments.
The company's flagship asset is the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), a joint venture with the government of the DRC and Zijin Mining.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
