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

Key Points

• Analysts give Ivanhoe Mines an average recommendation of "Hold" (5 holds, 3 buys) with a mean 1-year target price of C$14.60.
• Several major brokers cut ratings and targets in early April — including Scotiabank (to C$14.50), Stifel (to C$15.00), Canaccord (to C$11.50), Raymond James (to C$17.00) and a downgrade from RBC — reflecting reduced near-term analyst optimism.
• Insiders have been selling recently (director Peter Meredith sold 13,459 shares) though insiders still own about 44.96%; the stock opened at C$11.50 with a market cap of C$16.4B and a 52-week range of C$8.76–C$20.34.

Shares of Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) have received an average recommendation of "Hold" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$14.60.

IVN has been the topic of several analyst reports. Scotiabank downgraded Ivanhoe Mines from an "outperform" rating to a "hold" rating and cut their target price for the company from C$19.00 to C$14.50 in a research report on Wednesday, April 1st. Stifel Nicolaus cut their target price on Ivanhoe Mines from C$22.00 to C$15.00 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 report on Monday, April 6th. Canaccord Genuity Group cut their target price on Ivanhoe Mines from C$15.00 to C$11.50 and set a "hold" rating on the stock in a research report on Monday, April 6th. Finally, Raymond James Financial downgraded Ivanhoe Mines from a "moderate buy" rating to a "hold" rating and cut their target price for the company from C$23.00 to C$17.00 in a research report on Wednesday, April 1st.

Insider Buying and Selling at Ivanhoe Mines

In related news, Director Peter Meredith sold 13,459 shares of the business's stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of C$16.43, for a total transaction of C$221,131.37. Following the completion of the transaction, the director owned 841,256 shares in the company, valued at C$13,821,836.08. The trade was a 1.57% decrease in their position. Over the last 90 days, insiders sold 16,559 shares of company stock worth $272,125. Insiders own 44.96% of the company's stock.

Ivanhoe Mines Stock Performance

TSE IVN opened at C$11.50 on Friday. The company has a market cap of C$16.40 billion, a P/E ratio of 60.53 and a beta of 1.74. The company has a debt-to-equity ratio of 21.62, a quick ratio of 20.86 and a current ratio of 2.23. The business's 50 day moving average price is C$13.82 and its 200-day moving average price is C$14.48. Ivanhoe Mines has a fifty-two week low of C$8.76 and a fifty-two week high of C$20.34.

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

About Ivanhoe Mines

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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