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

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have been given an average recommendation of “Buy” by the seven research firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$17.45.

IVN has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on shares of Ivanhoe Mines from C$16.00 to C$18.00 in a research report on Tuesday, October 21st. Scotiabank raised Ivanhoe Mines from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$12.50 to C$17.00 in a report on Monday, September 29th. Canaccord Genuity Group raised their target price on Ivanhoe Mines from C$14.00 to C$16.50 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Citigroup boosted their price target on Ivanhoe Mines from C$14.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Raymond James Financial lowered their price target on Ivanhoe Mines from C$21.00 to C$20.00 in a report on Thursday, August 21st.

Ivanhoe Mines Trading Down 2.4%

TSE:IVN opened at C$14.72 on Friday. The firm has a market capitalization of C$20.90 billion, a P/E ratio of 66.91 and a beta of 1.96. The business has a 50 day simple moving average of C$14.15 and a 200 day simple moving average of C$12.39. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86. Ivanhoe Mines has a 12-month low of C$8.76 and a 12-month high of C$20.77.

Ivanhoe Mines (TSE:IVN) last posted its earnings results on Wednesday, October 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$180.18 million during the quarter. Equities research analysts predict that Ivanhoe Mines will post 1.0136483 EPS for the current year.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd is a mineral exploration and development company. The company, together with its subsidiaries, explores, develops, and recovers minerals and precious gems from its property interests located in Africa. The group explores platinum, nickel, copper, gold, silver, cobalt, iron, vanadium, and chrome.