Ivanhoe Mines (OTCMKTS:IVPAF) Posts Earnings Results, Meets Expectations

Ivanhoe Mines (OTCMKTS:IVPAF) released its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04, Zacks reports. Ivanhoe Mines had a return on equity of 5.02% and a net margin of 59.23%.The business had revenue of $138.42 million during the quarter, compared to the consensus estimate of $189.75 million.

Ivanhoe Mines Price Performance

Shares of IVPAF opened at $11.38 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 twelve month low of $6.50 and a twelve month high of $15.00. The stock has a market capitalization of $16.23 billion and a P/E ratio of 59.90. The company has a 50 day moving average of $11.87 and a 200-day moving average of $10.36.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on IVPAF shares. 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 reissued an “outperform” rating on shares of Ivanhoe Mines in a research report on Monday, January 26th. Raymond James Financial restated an “outperform” rating on shares of Ivanhoe Mines in a research report on Wednesday, January 14th. Finally, Morgan Stanley set a $15.20 price objective on Ivanhoe Mines in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $15.20.

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.