Ivanhoe Mines Ltd. (TSE:IVN) Given Average Rating of “Hold” by Analysts

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have received an average rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$14.38.

A number of analysts have recently issued reports on the company. Scotiabank lifted their price target on Ivanhoe Mines from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a research report on Monday, June 15th. TD Securities dropped their price target on Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Citigroup dropped their price target on Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Stifel Nicolaus dropped their price target on Ivanhoe Mines from C$22.00 to C$15.00 in a research report on Wednesday, April 1st. Finally, Raymond James Financial downgraded Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and dropped their price target for the company from C$23.00 to C$17.00 in a research report on Wednesday, April 1st.

Ivanhoe Mines Stock Performance

Shares of IVN opened at C$10.27 on Thursday. The company has a market cap of C$14.65 billion, a PE ratio of 114.11 and a beta of 1.60. The company has a current ratio of 2.33, a quick ratio of 20.86 and a debt-to-equity ratio of 21.02. The stock has a 50-day moving average price of C$11.82 and a 200-day moving average price of C$13.66. Ivanhoe Mines has a 12-month low of C$10.01 and a 12-month high of C$20.34.

Insider Buying and Selling at Ivanhoe Mines

In related news, Director Setha Patricia Makhesha sold 5,200 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of C$11.45, for a total transaction of C$59,540.00. Following the transaction, the director directly owned 77,922 shares of the company’s stock, valued at approximately C$892,206.90. This trade represents a 6.26% decrease in their position. Over the last 90 days, insiders sold 10,000 shares of company stock worth $114,554. Company insiders own 44.96% of the company’s stock.

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.