Ivanhoe Mines Ltd. (TSE:IVN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$14.41.

IVN has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised shares of Ivanhoe Mines from a “hold” rating to a “buy” rating and raised their target price for the company from C$12.00 to C$13.00 in a research note on Tuesday, July 21st. Morgan Stanley raised shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from C$12.00 to C$13.20 in a research note on Wednesday, July 8th. Finally, Scotiabank increased their price target on shares of Ivanhoe Mines from C$13.00 to C$13.50 and gave the stock a “sector perform” rating in a report on Monday, June 15th.

Ivanhoe Mines Stock Performance

TSE:IVN opened at C$11.57 on Friday. The business’s 50-day moving average price is C$10.96 and its two-hundred day moving average price is C$12.48. Ivanhoe Mines has a twelve month low of C$9.45 and a twelve month high of C$20.34. The stock has a market cap of C$16.50 billion, a P/E ratio of 128.56 and a beta of 1.54. The company has a quick ratio of 20.86, a current ratio of 2.16 and a debt-to-equity ratio of 21.70.

Ivanhoe Mines (TSE:IVN) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. Ivanhoe Mines had a return on equity of 2.32% and a net margin of 23.46%.The firm had revenue of C$216.83 million during the quarter. As a group, equities analysts predict that Ivanhoe Mines will post 1.0136483 EPS for the current fiscal year.

Insider Transactions at Ivanhoe Mines

In related news, Director Setha Patricia Makhesha sold 5,200 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$11.45, for a total value of C$59,540.00. Following the transaction, the director owned 77,922 shares of the company’s stock, valued at C$892,206.90. This represents a 6.26% decrease in their ownership of the stock. Insiders have sold 10,000 shares of company stock valued at $114,554 in the last ninety days. 44.96% of the stock is currently owned by insiders.

Ivanhoe Mines Company Profile

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine in South Africa. Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration licences in the Western Forelands, covering an area over six times larger than the adjacent Kamoa-Kakula Copper Complex, including the high-grade discoveries in the Makoko District.