Analysts Set Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Target Price at $15.20

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) has been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.20.

Several equities analysts have commented on IVPAF shares. Jefferies Financial Group downgraded shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Morgan Stanley set a $15.20 price target on Ivanhoe Mines in a research note on Monday, December 15th. Raymond James Financial reissued an “outperform” rating on shares of Ivanhoe Mines in a report on Wednesday, January 14th. Scotiabank reissued an “outperform” rating on shares of Ivanhoe Mines in a research note on Monday, January 26th. Finally, Canaccord Genuity Group cut Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th.

Ivanhoe Mines Price Performance

OTCMKTS IVPAF opened at $11.31 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.23 and a quick ratio of 4.03. The firm has a market capitalization of $16.13 billion and a price-to-earnings ratio of 59.53. The company has a 50 day simple moving average of $11.99 and a 200-day simple moving average of $10.46. Ivanhoe Mines has a 52-week low of $6.50 and a 52-week high of $15.00.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its earnings results on Wednesday, February 18th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Ivanhoe Mines had a return on equity of 5.02% and a net margin of 59.23%.The firm had revenue of $138.42 million for the quarter, compared to the consensus estimate of $189.75 million.

Ivanhoe Mines Company Profile

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.