Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Stock Has Average Target Price of $15.20

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.20.

A number of equities analysts recently issued reports on IVPAF shares. Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a report on Wednesday, September 9th. Canaccord Genuity Group upgraded Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. TD Securities cut Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 7th. Finally, Citigroup reissued a “buy” rating on shares of Ivanhoe Mines in a report on Wednesday, October 14th.

Ivanhoe Mines Stock Up 0.5%

OTCMKTS IVPAF opened at $5.86 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.89 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 32.15 and a beta of 1.33. The stock’s 50 day moving average is $7.90 and its two-hundred day moving average is $8.77. Ivanhoe Mines has a 1-year low of $5.50 and a 1-year high of $15.00.

Ivanhoe Mines (OTCMKTS:IVPAF) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). Ivanhoe Mines had a net margin of 23.47% and a return on equity of 5.07%. The business had revenue of $263.84 million for the quarter, compared to analysts’ expectations of $274.00 million. Equities analysts forecast that Ivanhoe Mines will post 0.23 earnings per share for the current fiscal year.

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.