Ivanhoe Mines (OTCMKTS:IVPAF) Shares Gap Down – Here’s What Happened

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) gapped down before the market opened on Friday . The stock had previously closed at $12.92, but opened at $11.80. Ivanhoe Mines shares last traded at $12.31, with a volume of 6,928 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group lowered shares of Ivanhoe Mines from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. Scotiabank restated an “outperform” rating on shares of Ivanhoe Mines in a report on Monday, January 26th. Raymond James Financial reiterated an “outperform” rating on shares of Ivanhoe Mines in a research note on Wednesday, January 14th. Finally, Morgan Stanley set a $15.20 price objective on shares of Ivanhoe Mines in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Ivanhoe Mines has a consensus rating of “Buy” and a consensus price target of $15.20.

Ivanhoe Mines Stock Performance

The stock has a market cap of $17.64 billion and a PE ratio of 56.29. The firm’s 50-day moving average is $11.47 and its 200 day moving average is $10.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.03 and a current ratio of 4.23.

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.