Ivanhoe Mines Ltd. (OTCMKTS:IVPAF – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $8.28, but opened at $8.64. Ivanhoe Mines shares last traded at $8.35, with a volume of 20,889 shares traded.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Morgan Stanley raised Ivanhoe Mines from a “negative” rating to an “overweight” rating in a research report on Wednesday, July 8th. Scotiabank reissued a “sector perform” rating on shares of Ivanhoe Mines in a research report on Monday, June 15th. Canaccord Genuity Group upgraded Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Ivanhoe Mines in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.20.
View Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Trading Up 0.9%
Ivanhoe Mines (OTCMKTS:IVPAF – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Ivanhoe Mines had a net margin of 23.47% and a return on equity of 5.10%. The firm had revenue of $152.61 million during the quarter, compared to analyst estimates of $202.11 million. Research analysts predict that Ivanhoe Mines Ltd. will post 0.31 EPS for the current fiscal year.
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.
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