Analysts Set Ivanhoe Mines Ltd. (TSE:IVN) PT at C$23.18

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have been assigned an average recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$23.18.

Several equities research analysts have recently issued reports on IVN shares. Citigroup lowered their target price on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. UBS Group decreased their price objective on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. TD Securities dropped their target price on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday, January 9th. Raymond James reduced their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. Finally, Scotiabank dropped their price objective on Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Thursday, January 9th.

Ivanhoe Mines Stock Up 1.7 %

Shares of IVN opened at C$14.95 on Friday. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The business has a fifty day moving average of C$15.39 and a 200 day moving average of C$17.36. The company has a market cap of C$14.17 billion, a PE ratio of 90.39 and a beta of 1.94. Ivanhoe Mines has a 52-week low of C$12.15 and a 52-week high of C$21.32.

About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.