Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Receives $15.20 Consensus Price Target from Analysts

Shares of Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) have been given an average rating of “Buy” by the eight research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.20.

A number of analysts have weighed in on the company. Morgan Stanley set a $15.20 price target on Ivanhoe Mines in a research note on Monday, December 15th. Jefferies Financial Group downgraded Ivanhoe Mines from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Citigroup restated a “buy” rating on shares of Ivanhoe Mines in a research note on Wednesday, October 8th. TD Securities restated a “buy” rating on shares of Ivanhoe Mines in a research note on Monday, September 29th. Finally, Scotiabank raised Ivanhoe Mines from a “hold” rating to an “outperform” rating in a report on Monday, September 29th.

Ivanhoe Mines Trading Up 0.1%

OTCMKTS IVPAF opened at $12.10 on Friday. The company has a quick ratio of 4.03, a current ratio of 4.23 and a debt-to-equity ratio of 0.18. Ivanhoe Mines has a 52 week low of $6.50 and a 52 week high of $12.41. The stock has a market capitalization of $17.21 billion and a PE ratio of 55.00. The firm has a 50 day moving average of $10.16 and a two-hundred day moving average of $9.39.

Ivanhoe Mines (OTCMKTS:IVPAF) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $129.40 million for the quarter, compared to analyst estimates of $128.95 million. Ivanhoe Mines had a net margin of 89.02% and a return on equity of 5.99%.

About Ivanhoe Mines

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.