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

Ivanhoe Mines Ltd. (TSE:IVN) has been given an average recommendation of “Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$23.18.

Several research analysts have recently weighed in on IVN shares. TD Securities lowered their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research report on Thursday, January 9th. Citigroup lowered their price target on Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Scotiabank reduced their price objective on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. Raymond James reduced their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Thursday, January 9th. Finally, UBS Group lowered their price objective on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research report on Friday, February 21st.

Ivanhoe Mines Stock Performance

TSE IVN opened at C$14.41 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36. The stock’s fifty day moving average is C$15.32 and its two-hundred day moving average is C$17.32. The firm has a market capitalization of C$13.66 billion, a P/E ratio of 87.12 and a beta of 1.94. Ivanhoe Mines has a fifty-two week low of C$12.15 and a fifty-two week high of C$21.32.

About Ivanhoe Mines

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.