Shares of Ivanhoe Mines Ltd. (TSE:IVN – Get Free Report) have received a consensus rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$23.17.
A number of equities analysts recently weighed in on IVN shares. Royal Bank of Canada upped their target price on shares of Ivanhoe Mines from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Raymond James upped their target price on shares of Ivanhoe Mines from C$21.00 to C$24.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Eight Capital upped their target price on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a report on Monday, April 22nd. Jefferies Financial Group set a C$25.00 target price on shares of Ivanhoe Mines and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Canaccord Genuity Group increased their price target on shares of Ivanhoe Mines from C$22.00 to C$24.00 and gave the company a “buy” rating in a report on Monday, May 13th.
Check Out Our Latest Stock Analysis on Ivanhoe Mines
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Ivanhoe Mines Stock Performance
IVN stock opened at C$17.54 on Thursday. The company has a debt-to-equity ratio of 18.77, a current ratio of 0.42 and a quick ratio of 20.86. The company has a 50 day moving average price of C$19.12 and a 200 day moving average price of C$15.95. Ivanhoe Mines has a fifty-two week low of C$9.89 and a fifty-two week high of C$21.32. The stock has a market capitalization of C$22.28 billion, a PE ratio of 92.32 and a beta of 1.98.
Ivanhoe Mines (TSE:IVN – Get Free Report) last issued its earnings results on Tuesday, April 30th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.06). Analysts forecast that Ivanhoe Mines will post 0.4653228 EPS for the current year.
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.
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