Jefferies Sticks to Their Hold Rating for Ivanhoe Mines (IVPAF)

In a report released today, Fahad Tariq from Jefferies maintained a Hold rating on Ivanhoe Mines, with a price target of C$19.00.

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Tariq covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Capstone Copper, and Ero Copper. According to TipRanks, Tariq has an average return of 24.4% and a 75.65% success rate on recommended stocks.

In addition to Jefferies, Ivanhoe Mines also received a Hold from TipRanks – xAI’s xAi Industrial Materials in a report issued on February 4. However, on February 11, Stifel Nicolaus maintained a Buy rating on Ivanhoe Mines (Other OTC: IVPAF).

Based on Ivanhoe Mines’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$127.79 million and a net profit of C$32.64 million. In comparison, last year the company had a net profit of C$117.94 million

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IVPAF in relation to earlier this year.