Ivanhoe Mines Ltd. (TSE:IVN) Receives Average Rating of “Buy” from Analysts

Ivanhoe Mines Ltd. (TSE:IVN) has been given a consensus rating of “Buy” by the eight research firms that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$23.55.

A number of equities research analysts recently weighed in on IVN shares. TD Securities cut their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Thursday, January 9th. UBS Group dropped their price target on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research report on Friday. Raymond James reduced their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. Finally, Scotiabank lowered their price objective on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Thursday, January 9th.

Ivanhoe Mines Price Performance

Shares of IVN opened at C$14.67 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 20.86 and a debt-to-equity ratio of 2.48. The firm has a market cap of C$13.91 billion, a price-to-earnings ratio of 88.69 and a beta of 1.94. Ivanhoe Mines has a 52 week low of C$13.84 and a 52 week high of C$21.32. The stock has a 50 day moving average of C$16.67 and a 200-day moving average of C$17.74.

About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.