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

Ivanhoe Mines Ltd. (TSE:IVN) has been given a consensus recommendation of “Buy” by the eight research firms that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$23.18.

IVN has been the topic of several research analyst reports. Raymond James lowered their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. UBS Group decreased their price target on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Citigroup dropped their price objective on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Scotiabank reduced their target price on Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. Finally, TD Securities dropped their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a research note on Thursday, January 9th.

Ivanhoe Mines Stock Down 3.4 %

TSE IVN opened at C$14.70 on Friday. Ivanhoe Mines has a 12 month low of C$12.15 and a 12 month high of C$21.32. 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 stock has a market cap of C$13.94 billion, a PE ratio of 88.87 and a beta of 1.94. The stock’s 50 day moving average is C$15.43 and its 200 day moving average is C$17.40.

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.