Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Given Average Rating of “Strong Buy” by Brokerages

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have earned an average rating of “Strong Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a strong buy rating to the company.

IVPAF has been the topic of several research reports. TD Securities raised Ivanhoe Mines to a “strong-buy” rating in a research report on Tuesday, June 3rd. Canaccord Genuity Group raised Ivanhoe Mines to a “strong-buy” rating in a research report on Friday, June 13th. Citigroup raised Ivanhoe Mines to a “strong-buy” rating in a report on Monday, June 16th. UBS Group raised Ivanhoe Mines to a “strong-buy” rating in a report on Thursday, June 12th. Finally, Scotiabank lowered Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 12th.

Ivanhoe Mines Trading Down 0.7%

Shares of Ivanhoe Mines stock opened at $7.34 on Wednesday. The stock has a 50-day moving average price of $8.84 and a 200 day moving average price of $10.09. The company has a market cap of $9.94 billion and a P/E ratio of 14.84. Ivanhoe Mines has a 1 year low of $6.50 and a 1 year high of $15.53.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 earnings per share (EPS) 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.

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.