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

Ivanhoe Mines Ltd. (TSE:IVN) has earned a consensus rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$14.38.

IVN has been the subject of several research reports. BMO Capital Markets cut their price target on Ivanhoe Mines from C$23.00 to C$16.00 in a research note on Wednesday, April 1st. Scotiabank increased their price target on Ivanhoe Mines from C$13.00 to C$13.50 and gave the stock a “sector perform” rating in a research note on Monday, June 15th. Royal Bank Of Canada downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup cut their target price on Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, Raymond James Financial downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and cut their target price for the stock from C$23.00 to C$17.00 in a research note on Wednesday, April 1st.

Ivanhoe Mines Stock Down 6.9%

IVN stock opened at C$10.27 on Thursday. The company has a debt-to-equity ratio of 21.02, a quick ratio of 20.86 and a current ratio of 2.33. The company has a market capitalization of C$14.65 billion, a price-to-earnings ratio of 114.11 and a beta of 1.60. Ivanhoe Mines has a fifty-two week low of C$10.01 and a fifty-two week high of C$20.34. The stock has a fifty day moving average of C$11.82 and a 200-day moving average of C$13.66.

Insider Buying and Selling

In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 5,200 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of C$11.45, for a total value of C$59,540.00. Following the completion of the transaction, the director owned 77,922 shares in the company, valued at C$892,206.90. This trade represents a 6.26% decrease in their position. In the last ninety days, insiders sold 10,000 shares of company stock valued at $114,554. 44.96% of the stock is owned by company insiders.

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. It operates in four segments: Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company’s treasury offices.