Brokerages Set Ivanhoe Mines Ltd. (TSE:IVN) PT at C$22.50

Ivanhoe Mines Ltd. (TSE:IVN) has received an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is C$22.50.

IVN has been the topic of a number of research reports. Scotiabank reduced their target price on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Citigroup lowered their target price on Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Raymond James cut their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Thursday, January 9th. TD Securities lowered their price objective on Ivanhoe Mines from C$22.00 to C$17.00 in a research report on Tuesday. Finally, UBS Group reduced their target price on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st.

Ivanhoe Mines Price Performance

Shares of TSE IVN opened at C$12.45 on Wednesday. Ivanhoe Mines has a 12-month low of C$9.79 and a 12-month high of C$21.32. The firm’s 50-day simple moving average is C$13.72 and its 200 day simple moving average is C$16.61. 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 company has a market cap of C$11.80 billion, a price-to-earnings ratio of 75.27 and a beta of 1.94.

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.