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

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned 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$17.80.

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of Ivanhoe Mines from a “buy” rating to a “hold” rating and lowered their target price for the company from C$18.00 to C$16.00 in a research note on Monday, December 8th. Scotiabank upped their price target on shares of Ivanhoe Mines from C$18.50 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Stifel Nicolaus lowered their price target on Ivanhoe Mines from C$28.00 to C$22.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Finally, Canaccord Genuity Group cut Ivanhoe Mines from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$18.00 to C$15.00 in a research report on Friday, February 20th.

Insider Activity

In other news, Director Peter Meredith sold 13,459 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of C$16.43, for a total value of C$221,131.37. Following the sale, the director owned 841,256 shares in the company, valued at approximately C$13,821,836.08. This trade represents a 1.57% decrease in their ownership of the stock. Also, insider Citic Metal Africa Investments Limited sold 350,000 shares of the company’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of C$15.71, for a total transaction of C$5,498,500.00. Over the last three months, insiders sold 566,849 shares of company stock valued at $8,458,448. 44.96% of the stock is owned by company insiders.

Ivanhoe Mines Stock Performance

IVN opened at C$15.63 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36. The company has a market cap of C$22.19 billion, a PE ratio of 71.05 and a beta of 1.91. The stock has a 50-day moving average of C$16.48 and a 200-day moving average of C$14.48. Ivanhoe Mines has a 52-week low of C$8.76 and a 52-week high of C$20.34.

Ivanhoe Mines (TSE:IVN) last announced its earnings results on Wednesday, February 18th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$183.99 million for the quarter. As a group, equities research analysts forecast that Ivanhoe Mines will post 1.0136483 earnings per share for the current fiscal year.

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. It operates in four segments: Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company’s treasury offices.