Ivanhoe Mines (TSE:IVN) Stock Dropped to Hold by TD Securities

TD Securities lowered shares of Ivanhoe Mines (TSE:IVN) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks reports.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group raised their target price on shares of Ivanhoe Mines from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Stifel Nicolaus cut shares of Ivanhoe Mines from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$17.00 to C$12.50 in a report on Wednesday. Scotia increased their price objective on shares of Ivanhoe Mines from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a research report on Wednesday, September 9th. Morgan Stanley raised shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from C$12.00 to C$13.20 in a research report on Wednesday, July 8th. Finally, Raymond James Financial reduced their price objective on shares of Ivanhoe Mines from C$15.50 to C$12.00 and set a “market perform” rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Ivanhoe Mines presently has a consensus rating of “Hold” and a consensus target price of C$13.77.

Ivanhoe Mines Price Performance

IVN stock opened at C$8.45 on Wednesday. The company has a debt-to-equity ratio of 3.54, a current ratio of 2.21 and a quick ratio of 20.86. The firm has a market capitalization of C$12.05 billion, a P/E ratio of 93.89 and a beta of 1.60. The business’s 50-day moving average is C$11.27 and its two-hundred day moving average is C$12.24. Ivanhoe Mines has a 1 year low of C$7.64 and a 1 year high of C$20.34.

Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported C$0.06 EPS for the quarter. Ivanhoe Mines had a return on equity of 2.61% and a net margin of 21.51%. The business had revenue of C$375.60 million during the quarter. Analysts anticipate that Ivanhoe Mines will post 1.01 earnings per share for the current fiscal year.

More Ivanhoe Mines News

Here are the key news stories impacting Ivanhoe Mines this week:

• Positive Sentiment: Ivanhoe reported Q3 earnings of C$0.06 per share and revenue of C$375.6 million, with earnings higher year over year. Ivanhoe Mines Posts Higher Q3 Earnings YoY, Lowers 2027 Guidance for Kamoa-Kakula Mine
• Negative Sentiment: The company lowered its 2027 guidance for the Kamoa-Kakula mine. Reports of further setbacks at the copper project and soaring costs raise concerns about production and expenses. Copper’s biggest new mine stumbles again as costs soar
• Negative Sentiment: Stifel Nicolaus downgraded Ivanhoe from “buy” to “hold” and cut its price target to C$12.50 from C$17.00, signaling a more cautious view despite implied upside to the current share price. Stifel Nicolaus rating and target change
• Negative Sentiment: Raymond James lowered its price target to C$12.00 from C$15.50 and maintained a “market perform” rating, adding to pressure on sentiment. Raymond James analyst recommendations

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.