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

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have been assigned an average rating of “Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is C$24.30.

A number of equities research analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada lowered their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. TD Securities increased their price objective on Ivanhoe Mines from C$23.00 to C$25.00 in a report on Monday, July 22nd. Finally, Canaccord Genuity Group lifted their target price on Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd.

Insider Activity at Ivanhoe Mines

In related news, Director Martie Cloete sold 2,800 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$18.56, for a total transaction of C$51,968.00. 44.96% of the stock is owned by company insiders.

Ivanhoe Mines Stock Up 0.6 %

TSE:IVN opened at C$17.71 on Friday. The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24. Ivanhoe Mines has a twelve month low of C$10.67 and a twelve month high of C$21.32. The company has a market cap of C$23.91 billion, a PE ratio of 110.69 and a beta of 1.94. The company’s 50 day moving average is C$18.79 and its two-hundred day moving average is C$18.47.

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.