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

Ivanhoe Mines Ltd. (TSE:IVN – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$14.41.

A number of research analysts recently issued reports on IVN shares. Morgan Stanley raised shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from C$12.00 to C$13.20 in a research note on Wednesday, July 8th. Canaccord Genuity Group raised Ivanhoe Mines from a “hold” rating to a “buy” rating and raised their target price for the company from C$12.00 to C$13.00 in a report on Tuesday, July 21st. Finally, Scotiabank lifted their price target on 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.

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Ivanhoe Mines Price Performance

IVN stock opened at C$11.78 on Tuesday. The company’s 50-day moving average price is C$11.13 and its two-hundred day moving average price is C$11.80. The firm has a market cap of C$16.80 billion, a P/E ratio of 130.89 and a beta of 1.58. The company has a quick ratio of 20.86, a current ratio of 2.16 and a debt-to-equity ratio of 21.70. Ivanhoe Mines has a 12 month low of C$9.45 and a 12 month high of C$20.34.

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

Ivanhoe Mines Company Profile

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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.

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