Ivanhoe Mines Ltd. (TSE:IVN) Receives Average Rating of "Buy" from Analysts

Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) has been given a consensus rating of "Buy" by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$21.81.

Several brokerages have recently issued reports on IVN. Eight Capital lifted their target price on Ivanhoe Mines from C$19.00 to C$30.00 in a report on Monday, April 22nd. TD Securities lifted their price target on Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Canaccord Genuity Group lifted their price target on Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research report on Wednesday. Bank of America lifted their price target on Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. Finally, Raymond James lifted their price target on Ivanhoe Mines from C$19.00 to C$21.00 in a research report on Tuesday, April 23rd.

Insider Buying and Selling

In related news, Director Setha Patricia Makhesha sold 3,295 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total value of C$47,102.03. In other news, Director Setha Patricia Makhesha sold 3,295 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total transaction of C$47,102.03. Also, Senior Officer Mary Vincelli sold 5,000 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total transaction of C$77,350.00. 50.85% of the stock is currently owned by insiders.

Ivanhoe Mines Price Performance

TSE:IVN traded down C$0.06 on Wednesday, reaching C$18.60. 3,306,122 shares of the company's stock traded hands, compared to its average volume of 2,358,920. The company has a quick ratio of 20.86, a current ratio of 3.28 and a debt-to-equity ratio of 18.08. The stock has a 50-day simple moving average of C$16.60 and a 200-day simple moving average of C$13.90. The firm has a market cap of C$23.62 billion, a PE ratio of 51.67 and a beta of 2.01. Ivanhoe Mines has a 12 month low of C$9.89 and a 12 month high of C$20.66.

Ivanhoe Mines (TSE:IVN - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.05). Equities research analysts forecast that Ivanhoe Mines will post 0.4702621 earnings per share for the current year.

Ivanhoe Mines Company Profile

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.