Ivanhoe Mines Ltd. (TSE:IVN) Receives Consensus Rating of “Hold” from Analysts

Shares of Ivanhoe Mines Ltd. (TSE:IVN – Get Free Report) have received an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$14.60.

Several brokerages recently weighed in on IVN. Raymond James Financial lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and cut their price objective for the company from C$23.00 to C$17.00 in a report on Wednesday, April 1st. BMO Capital Markets cut their price objective on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a report on Wednesday, April 1st. Royal Bank Of Canada downgraded shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. Stifel Nicolaus lowered their target price on shares of Ivanhoe Mines from C$22.00 to C$15.00 in a research note on Wednesday, April 1st. Finally, Canaccord Genuity Group lowered their target price on shares of Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating for the company in a research note on Monday, April 6th.

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Ivanhoe Mines Trading Up 5.8%

Shares of TSE IVN opened at C$12.75 on Wednesday. The company’s 50 day simple moving average is C$11.92 and its 200 day simple moving average is C$14.05. Ivanhoe Mines has a fifty-two week low of C$8.76 and a fifty-two week high of C$20.34. The firm has a market capitalization of C$18.19 billion, a P/E ratio of 141.67 and a beta of 1.76. The company has a debt-to-equity ratio of 21.02, a current ratio of 2.33 and a quick ratio of 20.86.

Ivanhoe Mines (TSE:IVN – Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.06 earnings per share for the quarter. Ivanhoe Mines had a net margin of 25.05% and a return on equity of 2.32%. The business had revenue of C$183.99 million for the quarter. On average, analysts predict that Ivanhoe Mines will post 1.0136483 EPS for the current year.

Ivanhoe Mines Company Profile

(Get Free Report)

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.

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