Ivanhoe Mines Ltd. (TSE:IVN) Stock Has Consensus Target Price of C$14.72 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Ivanhoe Mines, split evenly between five buy and five hold ratings, with an average 12-month price target of C$14.72.
• Several firms recently raised their targets, including Stifel Nicolaus to C$17.00, Canaccord Genuity to C$15.00, and Morgan Stanley to C$13.20.
• The stock opened at C$12.24, while Ivanhoe Mines reported quarterly EPS of C$0.04 and revenue of C$216.83 million; the company is advancing copper, zinc, and platinum-group-metal projects in Southern Africa.

Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$14.72.

Several research analysts have recently commented on the company. Canaccord Genuity Group lifted their target price on Ivanhoe Mines from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research report on Wednesday, September 9th. Morgan Stanley raised Ivanhoe Mines from an "equal weight" rating to an "overweight" rating and upped their price target for the company from C$12.00 to C$13.20 in a research report on Wednesday, July 8th. Scotia raised their price objective on Ivanhoe Mines from C$13.00 to C$13.50 and gave the stock a "sector perform" rating in a research note on Wednesday, September 9th. Stifel Nicolaus lifted their price objective on shares of Ivanhoe Mines from C$15.00 to C$17.00 and gave the stock a "buy" rating in a report on Wednesday, September 9th. Finally, Scotiabank 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 Monday, June 15th.

Ivanhoe Mines Price Performance

IVN opened at C$12.24 on Friday. The company has a 50-day moving average of C$11.79 and a 200-day moving average of C$11.52. The company has a market capitalization of C$17.46 billion, a P/E ratio of 136.00 and a beta of 1.58. Ivanhoe Mines has a 1-year low of C$9.45 and a 1-year high of C$20.34. The company has a debt-to-equity ratio of 21.70, a quick ratio of 20.86 and a current ratio of 2.16.

Ivanhoe Mines (TSE:IVN - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$216.83 million for the quarter. Ivanhoe Mines had a net margin of 23.46% and a return on equity of 2.32%. Equities analysts expect that Ivanhoe Mines will post 1.0136483 EPS for the current fiscal year.

About Ivanhoe Mines

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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