Ivanhoe Mines (IVPAF) Set to Release Earnings on Tuesday

Ivanhoe Mines (OTCMKTS:IVPAF) is anticipated to announce its results after the market closes on Tuesday, November 3rd. Analysts expect Ivanhoe Mines to announce earnings of $0.09 per share and revenue of $274.00 million for the quarter.

Ivanhoe Mines Stock Performance

OTCMKTS IVPAF opened at $6.46 on Monday. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 71.78 and a beta of 1.08. The business’s 50 day moving average is $8.19 and its two-hundred day moving average is $8.92. Ivanhoe Mines has a 12-month low of $6.30 and a 12-month high of $15.00. The company has a current ratio of 2.16, a quick ratio of 1.89 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

A number of research analysts recently weighed in on IVPAF shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Ivanhoe Mines in a report on Wednesday, October 7th. Scotiabank reissued a “sector perform” rating on shares of Ivanhoe Mines in a report on Wednesday, September 9th. Jefferies Financial Group reissued a “hold” rating on shares of Ivanhoe Mines in a report on Monday, July 6th. Citigroup restated a “buy” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 14th. Finally, Canaccord Genuity Group raised shares of Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One 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 stock. Based on data from MarketBeat.com, Ivanhoe Mines has an average rating of “Moderate Buy” and a consensus target price of $15.20.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. is a Canadian mining and mineral exploration company focused on developing and operating large-scale projects in Africa. Its principal 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 major copper mining and processing operation. Ivanhoe also holds the Kipushi zinc-copper-silver-germanium mine in the Democratic Republic of the Congo, as well as the Platreef platinum-group metals, nickel, copper and gold project in South Africa.

Ivanhoe’s exploration portfolio includes the Western Foreland project in the Democratic Republic of the Congo, an extensive exploration area near Kamoa-Kakula.