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

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have earned a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is C$23.18.

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

Ivanhoe Mines Trading Down 3.4 %

Shares of IVN opened at C$14.70 on Friday. The firm has a market capitalization of C$13.94 billion, a price-to-earnings ratio of 88.87 and a beta of 1.94. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86. Ivanhoe Mines has a 1-year low of C$12.15 and a 1-year high of C$21.32. The company has a 50-day moving average of C$15.43 and a 200 day moving average of C$17.40.

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.