Ivanhoe Mines Ltd. (TSE:IVN) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Ivanhoe Mines Ltd. has received a consensus rating of "Buy" from five ratings firms, with a 1-year price target averaging C$15.50.
• Recent analyst reports have downgraded target prices for Ivanhoe Mines, with UBS Group lowering it from C$17.00 to C$15.00 and Canaccord Genuity cutting it from C$24.00 to C$12.00.
• The company's stock performance shows a market cap of C$17.67 billion, with a debt-to-equity ratio of 2.48 and a P/E ratio of 45.00.

Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) has been assigned an average rating of "Buy" from the five ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$15.50.

IVN has been the subject of several analyst reports. UBS Group decreased their target price on shares of Ivanhoe Mines from C$17.00 to C$15.00 in a research note on Thursday, June 12th. TD Securities decreased their target price on shares of Ivanhoe Mines from C$16.00 to C$13.00 and set a "buy" rating for the company in a research note on Friday, June 13th. Stifel Canada upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a research note on Tuesday, July 8th. Jefferies Financial Group reduced their price objective on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research report on Thursday, June 12th. Finally, Canaccord Genuity Group reduced their price objective on shares of Ivanhoe Mines from C$24.00 to C$12.00 in a research report on Friday, June 13th.

Ivanhoe Mines Stock Performance

IVN opened at C$13.05 on Tuesday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86. The firm has a fifty day moving average price of C$11.76 and a 200 day moving average price of C$12.03. Ivanhoe Mines has a 1 year low of C$8.76 and a 1 year high of C$20.95. The stock has a market cap of C$17.67 billion, a P/E ratio of 45.00 and a beta of 1.79.

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.

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