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

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have earned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$17.45.

IVN has been the topic of a number of research reports. Raymond James Financial cut their price objective on shares of Ivanhoe Mines from C$21.00 to C$20.00 in a research report on Thursday, August 21st. Jefferies Financial Group boosted their target price on shares of Ivanhoe Mines from C$16.00 to C$18.00 in a report on Monday, October 6th. TD Securities boosted their price target on Ivanhoe Mines from C$13.00 to C$16.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Stifel Nicolaus raised their target price on shares of Ivanhoe Mines from C$16.00 to C$18.00 in a research note on Tuesday, October 21st. Finally, Citigroup boosted their price target on Ivanhoe Mines from C$14.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th.

Ivanhoe Mines Stock Performance

IVN opened at C$12.59 on Wednesday. The business’s 50-day moving average price is C$13.97 and its two-hundred day moving average price is C$12.40. Ivanhoe Mines has a 1 year low of C$8.76 and a 1 year high of C$20.77. The company has a market capitalization of C$17.87 billion, a price-to-earnings ratio of 57.23 and a beta of 2.14. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86.

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.