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

Ivanhoe Mines Ltd. (TSE:IVNGet Free Report) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$15.64.

Several equities research analysts recently issued reports on IVN shares. BMO Capital Markets upped their price target on Ivanhoe Mines from C$17.00 to C$18.00 in a research report on Wednesday, November 29th. TD Securities upped their price target on Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Canaccord Genuity Group dropped their price target on Ivanhoe Mines from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research report on Friday, January 12th.

View Our Latest Analysis on Ivanhoe Mines

Insiders Place Their Bets

In other Ivanhoe Mines news, Senior Officer Stephen Ralph Amos sold 2,489 shares of the stock in a transaction on Saturday, January 20th. The stock was sold at an average price of C$13.24, for a total value of C$32,941.92. In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total value of C$47,102.03. Also, Senior Officer Stephen Ralph Amos sold 2,489 shares of the stock in a transaction on Saturday, January 20th. The stock was sold at an average price of C$13.24, for a total value of C$32,941.92. Insiders have sold 6,984 shares of company stock valued at $95,644 over the last three months. Company insiders own 50.87% of the company’s stock.

Ivanhoe Mines Stock Performance

Ivanhoe Mines stock opened at C$14.70 on Friday. The stock has a market cap of C$18.67 billion, a P/E ratio of 38.68 and a beta of 2.02. The company has a current ratio of 2.18, a quick ratio of 20.86 and a debt-to-equity ratio of 20.66. The stock has a 50 day moving average of C$13.98 and a 200-day moving average of C$12.40. Ivanhoe Mines has a 52 week low of C$9.89 and a 52 week high of C$14.95.

Ivanhoe Mines Company Profile

(Get Free Report

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals located 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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Analyst Recommendations for Ivanhoe Mines (TSE:IVN)

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