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

Ivanhoe Mines Ltd. (TSE:IVN) has been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$23.55.

A number of brokerages have recently commented on IVN. TD Securities cut their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Thursday, January 9th. Scotiabank cut their target price on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. UBS Group decreased their price target on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research report on Friday. Finally, Raymond James dropped their price objective on shares of 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.

Ivanhoe Mines Price Performance

TSE IVN opened at C$14.67 on Tuesday. The stock has a market capitalization of C$13.91 billion, a PE ratio of 88.69 and a beta of 1.94. The stock has a 50-day simple moving average of C$16.67 and a 200 day simple moving average of C$17.74. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36. Ivanhoe Mines has a twelve month low of C$13.84 and a twelve month 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.