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

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$21.38.

A number of research analysts have recently issued reports on IVN shares. Jefferies Financial Group increased their target price on Ivanhoe Mines from C$23.00 to C$24.00 in a research report on Friday, April 4th. Citigroup decreased their price objective on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. TD Securities cut their target price on shares of Ivanhoe Mines from C$22.00 to C$17.00 in a research note on Tuesday, April 15th. Finally, UBS Group decreased their price target on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research note on Wednesday, April 23rd.

Ivanhoe Mines Stock Performance

TSE IVN opened at C$13.38 on Friday. The company has a current ratio of 1.36, a quick ratio of 20.86 and a debt-to-equity ratio of 2.48. Ivanhoe Mines has a twelve month low of C$9.79 and a twelve month high of C$21.32. The stock has a 50-day moving average of C$13.09 and a 200 day moving average of C$15.91. The stock has a market capitalization of C$12.68 billion, a price-to-earnings ratio of 80.89 and a beta of 1.94.

Ivanhoe Mines Company Profile

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.