Ivanhoe Mines Ltd. (TSE:IVN) Given Consensus Recommendation of “Buy” by Brokerages

Ivanhoe Mines Ltd. (TSE:IVN) has received a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$23.18.

Several equities analysts recently issued reports on the company. TD Securities lowered their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Thursday, January 9th. Scotiabank lowered their price target on Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Thursday, January 9th. Citigroup lowered their price target on Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. UBS Group lowered their price target on Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Finally, Raymond James decreased their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th.

Ivanhoe Mines Trading Down 7.6 %

Shares of IVN opened at C$12.68 on Tuesday. Ivanhoe Mines has a 12-month low of C$12.57 and a 12-month high of C$21.32. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of C$12.02 billion, a price-to-earnings ratio of 76.66 and a beta of 1.94. The stock’s 50-day moving average price is C$16.33 and its 200 day moving average price is C$17.67.

About Ivanhoe Mines

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.