Ivanhoe Mines Ltd. (OTCMKTS:IVPAF – Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.05 and traded as low as $7.91. Ivanhoe Mines shares last traded at $7.96, with a volume of 362,996 shares traded.
Analyst Ratings Changes
IVPAF has been the subject of several research reports. Raymond James Financial cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. Royal Bank Of Canada cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Monday, April 6th. Canaccord Genuity Group cut shares of Ivanhoe Mines from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Scotiabank restated a “sector perform” rating on shares of Ivanhoe Mines in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.20.
Read Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Price Performance
Ivanhoe Mines (OTCMKTS:IVPAF – Get Free Report) last posted its earnings results 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. The firm had revenue of $165.53 million during the quarter, compared to analysts’ expectations of $186.31 million. Ivanhoe Mines had a net margin of 24.86% and a return on equity of 5.14%. On average, analysts expect that Ivanhoe Mines Ltd. will post 0.31 EPS for the current fiscal year.
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.
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