Shares of Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) have received an average recommendation of "Buy" from the five ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$15.94.
Several research analysts recently weighed in on IVN shares. BMO Capital Markets cut their target price on Ivanhoe Mines from C$24.00 to C$21.00 in a research report on Friday, June 13th. Raymond James Financial upgraded shares of Ivanhoe Mines to a "moderate buy" rating in a research note on Monday, June 30th. Stifel Canada upgraded shares of Ivanhoe Mines to a "strong-buy" rating in a research report on Tuesday, July 8th. UBS Group dropped their target price on shares of Ivanhoe Mines from C$17.00 to C$15.00 in a report on Thursday, June 12th. Finally, Scotiabank upped their target price on shares of Ivanhoe Mines from C$12.00 to C$12.50 and gave the company a "sector perform" rating in a research note on Wednesday, July 9th.
Check Out Our Latest Report on Ivanhoe Mines
Ivanhoe Mines Trading Up 0.6%
Shares of TSE IVN traded up C$0.07 during trading on Monday, reaching C$11.33. The stock had a trading volume of 1,288,485 shares, compared to its average volume of 3,358,966. The company has a market cap of C$10.74 billion, a P/E ratio of 68.50 and a beta of 1.94. The business's 50-day moving average price is C$10.78 and its 200-day moving average price is C$12.88. Ivanhoe Mines has a fifty-two week low of C$8.76 and a fifty-two week high of C$20.95. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36.
About Ivanhoe Mines
(
Get Free Report)
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.
Further Reading
Before you consider Ivanhoe Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ivanhoe Mines wasn't on the list.
While Ivanhoe Mines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
