Ivanhoe Mines Ltd. (TSE:IVN) Receives C$24.30 Average PT from Analysts

Ivanhoe Mines Ltd. (TSE:IVN) has received an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$24.00.

A number of equities research analysts have issued reports on the company. Raymond James lowered their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Thursday. TD Securities cut their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Scotiabank dropped their price objective on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday.

Ivanhoe Mines Price Performance

Ivanhoe Mines stock opened at C$17.27 on Monday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. The company has a market cap of C$23.31 billion, a price-to-earnings ratio of 107.94 and a beta of 1.94. Ivanhoe Mines has a 1 year low of C$12.94 and a 1 year high of C$21.32. The firm has a 50 day moving average price of C$18.21 and a 200 day moving average price of C$18.18.

Insider Activity

In other news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of Ivanhoe Mines stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$19.00, for a total value of C$91,200.00. Also, Director Martie Cloete sold 2,800 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$18.56, for a total value of C$51,968.00. Insiders sold 68,088 shares of company stock worth $1,292,379 over the last ninety days. Corporate insiders own 44.96% of the company’s stock.

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.