Ivanhoe Mines Ltd. (TSE:IVN – Get Free Report) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Five 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 brokerages that have updated their coverage on the stock in the last year is C$14.72.
IVN has been the topic of several recent research reports. Canaccord Genuity Group boosted their target price on Ivanhoe Mines from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Morgan Stanley raised 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 report on Wednesday, July 8th. Stifel Nicolaus lifted their price target on shares of Ivanhoe Mines from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Finally, 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 report on Wednesday, September 9th.
Get Our Latest Stock Analysis on IVN
Ivanhoe Mines Price Performance
TSE IVN opened at C$9.04 on Wednesday. Ivanhoe Mines has a one year low of C$8.88 and a one year high of C$20.34. The company has a debt-to-equity ratio of 21.70, a quick ratio of 20.86 and a current ratio of 2.16. The company has a market capitalization of C$12.89 billion, a P/E ratio of 100.44 and a beta of 1.60. The stock has a 50 day moving average price of C$11.48 and a 200-day moving average price of C$12.36.
About Ivanhoe Mines
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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