Ivanhoe Mines Ltd. (TSE:IVN) Receives C$14.24 Consensus PT from Analysts

Ivanhoe Mines Ltd. (TSE:IVN) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$14.41.

A number of research firms have weighed in on IVN. Morgan Stanley upgraded Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and raised their price target for the company from C$12.00 to C$13.20 in a research note on Wednesday, July 8th. Canaccord Genuity Group upgraded Ivanhoe Mines from a “hold” rating to a “buy” rating and increased their price objective for the company from C$12.00 to C$13.00 in a report on Tuesday. TD Securities cut their target price on Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Raymond James Financial cut 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 note on Wednesday, April 1st. Finally, Royal Bank Of Canada lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th.

Insiders Place Their Bets

In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 5,200 shares of the 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 completion of the transaction, the director owned 77,922 shares in the company, valued at approximately C$892,206.90. This represents a 6.26% decrease in their ownership of the stock. In the last 90 days, insiders have sold 10,000 shares of company stock valued at $114,554. Company insiders own 44.96% of the company’s stock.

Ivanhoe Mines Price Performance

TSE:IVN opened at C$10.61 on Monday. The company has a quick ratio of 20.86, a current ratio of 2.33 and a debt-to-equity ratio of 21.02. Ivanhoe Mines has a 52 week low of C$9.45 and a 52 week high of C$20.34. The stock’s 50-day moving average price is C$11.23 and its 200-day moving average price is C$13.02. The stock has a market capitalization of C$15.13 billion, a PE ratio of 117.89 and a beta of 1.58.

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.