Ivanhoe Mines Ltd. (IVN.TO) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Five of ten analysts rate Ivanhoe Mines a buy and five recommend holding the stock, producing an average “Moderate Buy” rating and a C$14.72 twelve-month price target.
• Several brokerages recently raised their targets, including Stifel Nicolaus to C$17.00, Canaccord Genuity to C$15.00, Scotia to C$13.50, and Morgan Stanley to C$13.20; Morgan Stanley also upgraded the stock to “overweight.”
• Ivanhoe Mines opened at C$9.77, well below its analyst consensus target, while reporting C$216.83 million in quarterly revenue and C$0.04 earnings per share. The company is advancing copper, zinc, and platinum-group-metals projects in the Democratic Republic of Congo and South Africa.

Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$14.72.

A number of research firms recently weighed in on IVN. Canaccord Genuity Group increased their price objective on shares of Ivanhoe Mines from C$13.00 to C$15.00 and gave the stock a "buy" rating in a report on Wednesday, September 9th. Scotia boosted their target price on shares of Ivanhoe Mines from C$13.00 to C$13.50 and gave the company a "sector perform" rating in a research note on Wednesday, September 9th. Morgan Stanley upgraded shares of Ivanhoe Mines from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from C$12.00 to C$13.20 in a research report on Wednesday, July 8th. Finally, Stifel Nicolaus upped their target price on shares of Ivanhoe Mines from C$15.00 to C$17.00 and gave the stock a "buy" rating in a research report on Wednesday, September 9th.

Ivanhoe Mines Stock Up 6.4%

TSE:IVN opened at C$9.77 on Wednesday. The firm has a market capitalization of C$13.94 billion, a PE ratio of 108.56 and a beta of 1.60. The stock has a 50 day moving average of C$11.60 and a 200-day moving average of C$12.46. Ivanhoe Mines has a 52 week low of C$8.92 and a 52 week high of C$20.34. The company has a current ratio of 2.16, a quick ratio of 20.86 and a debt-to-equity ratio of 21.70.

Ivanhoe Mines (TSE:IVN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.04 earnings per share for the quarter. Ivanhoe Mines had a return on equity of 2.32% and a net margin of 23.46%. The business had revenue of C$216.83 million for the quarter. Analysts predict that Ivanhoe Mines will post 1.01 EPS for the current year.

Ivanhoe Mines Company Profile

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine in South Africa. Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration licences in the Western Forelands, covering an area over six times larger than the adjacent Kamoa-Kakula Copper Complex, including the high-grade discoveries in the Makoko District.

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