Ivanhoe Mines Ltd. (TSE:IVN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$14.72.

Several research firms have weighed in on IVN. Stifel Nicolaus boosted their price target on Ivanhoe Mines from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Canaccord Genuity Group increased their price objective on Ivanhoe Mines from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Scotiabank raised their target price on shares of Ivanhoe Mines from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a research note on Monday, June 15th. Scotia boosted their target price 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 Wednesday, September 9th. Finally, Morgan Stanley raised shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from C$12.00 to C$13.20 in a research report on Wednesday, July 8th.

Ivanhoe Mines Trading Down 3.6%

IVN opened at C$12.34 on Tuesday. The firm’s fifty day moving average is C$11.33 and its two-hundred day moving average is C$11.71. The company has a debt-to-equity ratio of 21.70, a quick ratio of 20.86 and a current ratio of 2.16. The firm has a market cap of C$17.60 billion, a PE ratio of 137.11 and a beta of 1.58. Ivanhoe Mines has a twelve month low of C$9.45 and a twelve month high of C$20.34.

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

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.