Ivanhoe Mines (OTCMKTS:IVPAF) Stock Breaks Above Fifty Day Moving Average - Time to Sell?

Key Points

• Ivanhoe Mines shares moved above their 50-day moving average, reaching $8.50 before closing at $8.4795, compared with a 50-day average of $8.39.
• Analysts collectively rate the stock “Moderate Buy”, with one Strong Buy, two Buys and four Holds; the average price target is $15.20.
• The company’s latest quarterly results fell short of expectations, reporting $0.03 in EPS versus $0.06 expected and revenue of $152.61 million versus estimates of $202.11 million.

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $8.39 and traded as high as $8.50. Ivanhoe Mines shares last traded at $8.4795, with a volume of 662,442 shares trading hands.

Analyst Ratings Changes

A number of research analysts have issued reports on IVPAF shares. Scotiabank reissued a "sector perform" rating on shares of Ivanhoe Mines in a report on Wednesday, September 9th. Canaccord Genuity Group raised shares of Ivanhoe Mines from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Morgan Stanley upgraded shares of Ivanhoe Mines from a "negative" rating to an "overweight" rating in a research report on Wednesday, July 8th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Ivanhoe Mines in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $15.20.

Ivanhoe Mines Stock Performance

The stock has a 50 day moving average price of $8.39 and a two-hundred day moving average price of $8.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.16 and a quick ratio of 1.89. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 94.22 and a beta of 1.03.

Ivanhoe Mines (OTCMKTS:IVPAF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $152.61 million for the quarter, compared to analyst estimates of $202.11 million. Ivanhoe Mines had a return on equity of 5.07% and a net margin of 23.47%. On average, analysts predict that Ivanhoe Mines Ltd. will post 0.3 EPS for the current fiscal year.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. is a Canadian mining company focused on the exploration, development and operation of mineral resources in Africa. Its primary commodities include copper, zinc, platinum-group metals, nickel, copper and gold.

The company's flagship Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo is being developed as a large-scale, high-grade copper operation. Ivanhoe Mines also operates the Kipushi zinc-copper-germanium mine in the Democratic Republic of the Congo and is developing the Platreef project, a platinum-group metals, nickel, copper and gold discovery in South Africa's Limpopo province.

Ivanhoe Mines was founded by mining entrepreneur Robert Friedland, who serves as executive co-chairman.

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.