Ivanhoe Mines Ltd. (TSE:IVN) Receives C$14.38 Average PT from Analysts

Ivanhoe Mines Ltd. (TSE:IVN) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$14.38.

Several brokerages have recently commented on IVN. Royal Bank Of Canada lowered Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. Stifel Nicolaus dropped their price objective on Ivanhoe Mines from C$22.00 to C$15.00 in a research note on Wednesday, April 1st. Canaccord Genuity Group reduced their price objective on Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating for the company in a report on Monday, April 6th. BMO Capital Markets decreased their target price on Ivanhoe Mines from C$23.00 to C$16.00 in a research report on Wednesday, April 1st. Finally, TD Securities lowered their target price on Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st.

Ivanhoe Mines Stock Performance

Shares of IVN opened at C$11.11 on Thursday. Ivanhoe Mines has a twelve month low of C$10.02 and a twelve month high of C$20.34. The company has a current ratio of 2.33, a quick ratio of 20.86 and a debt-to-equity ratio of 21.02. The firm has a market capitalization of C$15.85 billion, a P/E ratio of 123.44 and a beta of 1.60. The firm’s 50-day moving average is C$11.66 and its two-hundred day moving average is C$13.55.

Insider Activity

In related news, Director Setha Patricia Makhesha sold 5,200 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of C$11.45, for a total value of C$59,540.00. Following the sale, the director directly owned 77,922 shares in the company, valued at C$892,206.90. The trade was a 6.26% decrease in their position. Over the last three months, insiders sold 10,000 shares of company stock worth $114,554. Insiders own 44.96% of the company’s stock.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd is a mineral exploration and development company. The company, together with its subsidiaries, explores, develops, and recovers minerals and precious gems from its property interests located in Africa. The group explores platinum, nickel, copper, gold, silver, cobalt, iron, vanadium, and chrome. It operates in four segments: Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company’s treasury offices.