Ivanhoe Mines Ltd. (TSE:IVN) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have an average recommendation of "Hold" on Ivanhoe Mines from eight analysts (five hold, three buy) with a 12‑month consensus price target of C$14.60, and several firms (TD, Scotiabank, RBC, Citi, Stifel) recently cut ratings or trimmed targets.
• Shares opened at C$10.82, trading below the 50‑day (C$12.27) and 200‑day (C$14.15) moving averages, with a market capitalization of C$15.43 billion and a P/E of 56.95.
• In the latest quarter Ivanhoe reported EPS of C$0.06 on C$183.99 million in revenue, and analysts forecast about 1.01 EPS for the current year.

Shares of Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) have been given an average recommendation of "Hold" by the eight analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$14.60.

IVN has been the topic of a number of research reports. TD Securities lowered their price target on shares of 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 cut Ivanhoe Mines from an "outperform" rating to a "hold" rating and dropped their price target for the company from C$19.00 to C$14.50 in a research report on Wednesday, April 1st. Royal Bank Of Canada downgraded Ivanhoe Mines from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 6th. Citigroup lowered their price objective on Ivanhoe Mines from C$18.00 to C$13.00 and set a "buy" rating on the stock in a research note on Thursday, April 9th. Finally, Stifel Nicolaus cut their target price on shares of Ivanhoe Mines from C$22.00 to C$15.00 in a research report on Wednesday, April 1st.

Ivanhoe Mines Trading Up 1.8%

TSE IVN opened at C$10.82 on Wednesday. The business's fifty day moving average is C$12.27 and its 200-day moving average is C$14.15. The company has a debt-to-equity ratio of 21.62, a current ratio of 2.23 and a quick ratio of 20.86. The stock has a market capitalization of C$15.43 billion, a price-to-earnings ratio of 56.95 and a beta of 1.76. Ivanhoe Mines has a one year low of C$8.76 and a one year high of C$20.34.

Ivanhoe Mines (TSE:IVN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$183.99 million during the quarter. Ivanhoe Mines had a net margin of 59.26% and a return on equity of 4.76%. Equities research analysts predict that Ivanhoe Mines will post 1.0136483 EPS for the current year.

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.

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