Shares of Ivanhoe Mines Ltd. (TSE:IVN – Get Free Report) have earned an average recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$24.00.
A number of equities analysts have recently commented on IVN shares. Canaccord Genuity Group raised their price target on Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd. Jefferies Financial Group raised their price target on Ivanhoe Mines from C$25.00 to C$26.00 in a report on Friday, July 12th. TD Securities raised their price target on Ivanhoe Mines from C$23.00 to C$25.00 in a report on Monday, July 22nd. Citigroup raised their price target on Ivanhoe Mines from C$15.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, Scotiabank cut their price target on Ivanhoe Mines from C$23.00 to C$21.00 in a report on Monday, August 19th.
Insider Buying and Selling
Ivanhoe Mines Stock Performance
The firm’s fifty day moving average price is C$17.64 and its two-hundred day moving average price is C$17.65. Ivanhoe Mines has a twelve month low of C$9.89 and a twelve month high of C$21.32. The company has a market capitalization of C$21.25 billion, a price-to-earnings ratio of 98.38 and a beta of 1.93. The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24.
Ivanhoe Mines (TSE:IVN – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.01. Analysts forecast that Ivanhoe Mines will post 1.034134 EPS for the current year.
Ivanhoe Mines Company Profile
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.
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