Ivanhoe Mines (OTCMKTS:IVPAF) Reaches New 1-Year Low – What’s Next?

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF)’s share price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $5.32 and last traded at $5.5260, with a volume of 51,241 shares. The stock had previously closed at $5.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Scotiabank reiterated a “sector perform” rating on shares of Ivanhoe Mines in a report on Wednesday, September 9th. Morgan Stanley restated an “overweight” rating on shares of Ivanhoe Mines in a research note on Wednesday, October 7th. Citigroup restated a “buy” rating on shares of Ivanhoe Mines in a research note on Wednesday, October 14th. Canaccord Genuity Group raised Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Stifel Nicolaus cut Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Ivanhoe Mines has a consensus rating of “Hold” and an average target price of $15.20.

Ivanhoe Mines Price Performance

The company has a market cap of $7.81 billion, a P/E ratio of 49.78 and a beta of 1.33. The company’s 50-day moving average price is $7.74 and its two-hundred day moving average price is $8.68. The company has a current ratio of 2.16, a quick ratio of 1.89 and a debt-to-equity ratio of 0.18.

Ivanhoe Mines (OTCMKTS:IVPAF) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $263.84 million for the quarter, compared to the consensus estimate of $274.00 million. Ivanhoe Mines had a return on equity of 5.35% and a net margin of 21.53%. As a group, sell-side analysts expect that Ivanhoe Mines Ltd. will post 0.26 earnings per share for the current year.

Ivanhoe Mines Company Profile

Ivanhoe Mines is a Canadian mining company focused on discovering, developing and operating mineral projects in Africa. Its main commodities include copper, zinc and platinum-group metals. The company’s projects include the Kamoa-Kakula copper complex and the Kipushi zinc-copper mine in the Democratic Republic of the Congo, as well as the Platreef platinum-group metals, nickel, copper and gold project in South Africa. Founded by mining entrepreneur Robert Friedland, Ivanhoe Mines was previously known as Ivanhoe Mines Ltd. and has developed its portfolio through exploration and partnerships.