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

Ivanhoe Mines Ltd. (TSE:IVNGet Free Report) has earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$15.36.

A number of research analysts have weighed in on the company. Canaccord Genuity Group decreased their price target on Ivanhoe Mines from C$6.50 to C$6.00 and set a “buy” rating for the company in a research note on Friday, January 12th. TD Securities reduced their target price on Ivanhoe Mines from C$16.50 to C$15.50 and set a “buy” rating for the company in a research note on Tuesday, November 21st. Finally, BMO Capital Markets lifted their target price on Ivanhoe Mines from C$17.00 to C$18.00 in a research note on Wednesday, November 29th.

Read Our Latest Stock Analysis on Ivanhoe Mines

Ivanhoe Mines Stock Up 1.4 %

TSE:IVN opened at C$14.38 on Tuesday. The company has a debt-to-equity ratio of 20.66, a quick ratio of 20.86 and a current ratio of 2.18. The company has a market cap of C$18.26 billion, a PE ratio of 37.84 and a beta of 2.02. Ivanhoe Mines has a 52-week low of C$9.89 and a 52-week high of C$14.95. The stock has a 50-day simple moving average of C$13.35 and a 200 day simple moving average of C$12.19.

Insider Buying and Selling

In related news, Senior Officer Stephen Ralph Amos sold 2,489 shares of Ivanhoe Mines stock in a transaction that occurred on Saturday, January 20th. The stock was sold at an average price of C$13.24, for a total transaction of C$32,941.92. 50.89% of the stock is currently owned by insiders.

About Ivanhoe Mines

(Get Free Report

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals located 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.

See Also

Analyst Recommendations for Ivanhoe Mines (TSE:IVN)

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