Ivanhoe Mines Ltd. (TSE:IVN) Receives C$23.55 Consensus PT from Analysts

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$23.18.

IVN has been the subject of several analyst reports. Citigroup decreased their target price on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group lowered their price objective on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Raymond James cut their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. TD Securities lowered their price target on 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. Finally, Scotiabank cut their price objective on Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday, January 9th.

Ivanhoe Mines Price Performance

Shares of IVN opened at C$13.93 on Tuesday. The company has a 50 day moving average of C$16.56 and a 200-day moving average of C$17.71. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of C$13.21 billion, a P/E ratio of 84.22 and a beta of 1.94. Ivanhoe Mines has a twelve month low of C$13.88 and a twelve month 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.