Ivanhoe Mines Ltd. (TSE:IVN) Given Consensus Rating of “Hold” by Analysts

Ivanhoe Mines Ltd. (TSE:IVN) has earned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$14.24.

Several equities analysts have weighed in on the company. Canaccord Genuity Group cut their target price on Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating on the stock in a report on Monday, April 6th. TD Securities lowered their price objective 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. Scotiabank boosted their target price on Ivanhoe Mines from C$13.00 to C$13.50 and gave the stock a “sector perform” rating in a report on Monday, June 15th. Royal Bank Of Canada cut Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, BMO Capital Markets dropped their price target on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a research report on Wednesday, April 1st.

Ivanhoe Mines Price Performance

IVN stock opened at C$9.81 on Monday. The company has a current ratio of 2.33, a quick ratio of 20.86 and a debt-to-equity ratio of 21.02. Ivanhoe Mines has a 1 year low of C$9.45 and a 1 year high of C$20.34. The company has a fifty day simple moving average of C$11.41 and a 200 day simple moving average of C$13.19. The firm has a market cap of C$13.99 billion, a PE ratio of 109.00 and a beta of 1.58.

Insider Transactions at Ivanhoe Mines

In related news, Director Setha Patricia Makhesha sold 5,200 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 77,922 shares in the company, valued at approximately C$892,206.90. This trade represents a 6.26% decrease in their position. In the last quarter, insiders have sold 10,000 shares of company stock valued at $114,554. Company 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.