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

Ivanhoe Mines Ltd. (TSE:IVN) has been given a consensus rating of “Hold” by the eight analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$14.60.

IVN has been the topic of a number of research analyst reports. Raymond James Financial downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and decreased their target price for the stock from C$23.00 to C$17.00 in a research report on Wednesday, April 1st. Scotiabank downgraded shares of Ivanhoe Mines from an “outperform” rating to a “hold” rating and reduced their price target for the company from C$19.00 to C$14.50 in a report on Wednesday, April 1st. Royal Bank Of Canada downgraded shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a report on Monday, April 6th. Stifel Nicolaus reduced their price target on shares of Ivanhoe Mines from C$22.00 to C$15.00 in a report on Wednesday, April 1st. Finally, BMO Capital Markets reduced their price target on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a report on Wednesday, April 1st.

Insider Activity

In other news, Director Setha Patricia Makhesha sold 5,200 shares of the company’s stock in a transaction on 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 sale, the director directly owned 77,922 shares in the company, valued at C$892,206.90. This represents a 6.26% decrease in their ownership of the stock. Insiders sold 10,000 shares of company stock valued at $114,554 in the last quarter. 44.96% of the stock is owned by corporate insiders.

Ivanhoe Mines Stock Up 0.2%

IVN stock opened at C$12.21 on Friday. The company has a market cap of C$17.41 billion, a P/E ratio of 135.67 and a beta of 1.76. Ivanhoe Mines has a 52 week low of C$8.76 and a 52 week high of C$20.34. The company’s 50-day moving average price is C$11.57 and its 200 day moving average price is C$13.86. The company has a current ratio of 2.33, a quick ratio of 20.86 and a debt-to-equity ratio of 21.02.

About Ivanhoe Mines

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.