Ivanhoe Mines Ltd. (TSE:IVN) Receives C$24.30 Consensus PT from Analysts

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$24.30.

Separately, Scotiabank lifted their price objective on Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th.

Insiders Place Their Bets

In other news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$19.00, for a total transaction of C$91,200.00. Also, Director Jinghe Chen sold 60,288 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$19.00, for a total transaction of C$1,145,472.00. Over the last ninety days, insiders have sold 68,088 shares of company stock worth $1,292,379. Corporate insiders own 44.96% of the company’s stock.

Ivanhoe Mines Stock Performance

Shares of Ivanhoe Mines stock opened at C$16.92 on Monday. The firm has a fifty day moving average of C$18.35 and a two-hundred day moving average of C$18.20. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. The stock has a market capitalization of C$22.84 billion, a price-to-earnings ratio of 105.75 and a beta of 1.94. Ivanhoe Mines has a 52 week low of C$12.94 and a 52 week high of C$21.32.

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.