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

Ivanhoe Mines Ltd. (TSE:IVN) has been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$16.30.

A number of equities analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of Ivanhoe Mines from C$17.00 to C$15.00 in a research report on Thursday, June 12th. Stifel Nicolaus lifted their price target on Ivanhoe Mines from C$13.50 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Raymond James Financial dropped their price objective on Ivanhoe Mines from C$21.00 to C$20.00 in a research note on Thursday, August 21st. Royal Bank Of Canada dropped their price target on shares of Ivanhoe Mines from C$24.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 17th. Finally, Jefferies Financial Group cut their price objective on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research report on Thursday, June 12th.

Ivanhoe Mines Trading Up 3.8%

TSE IVN opened at C$14.66 on Tuesday. The firm has a market capitalization of C$19.85 billion, a PE ratio of 50.55 and a beta of 1.79. The business’s 50-day moving average price is C$12.06 and its two-hundred day moving average price is C$12.04. The company has a current ratio of 1.36, a quick ratio of 20.86 and a debt-to-equity ratio of 2.48. Ivanhoe Mines has a 12 month low of C$8.76 and a 12 month high of C$20.91.

About Ivanhoe Mines

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.