Ivanhoe Mines (OTCMKTS:IVPAF) Reaches New 12-Month Low – Time to Sell?

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF – Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $7.20 and last traded at $7.20, with a volume of 543353 shares trading hands. The stock had previously closed at $7.74.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James Financial lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a report on Monday, June 15th. Finally, Royal Bank Of Canada lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.20.

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Ivanhoe Mines Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 2.33 and a quick ratio of 2.16. The stock’s 50 day simple moving average is $8.51 and its two-hundred day simple moving average is $9.90. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 83.45 and a beta of 0.73.

Ivanhoe Mines (OTCMKTS:IVPAF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Ivanhoe Mines had a net margin of 24.86% and a return on equity of 5.14%. The company had revenue of $165.53 million during the quarter, compared to analysts’ expectations of $186.31 million. On average, analysts forecast that Ivanhoe Mines Ltd. will post 0.31 earnings per share for the current fiscal year.

About Ivanhoe Mines

(Get Free Report)

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.

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