Ivanhoe Mines Ltd. (TSE:IVN) Receives C$15.36 Average Price Target from Analysts

Ivanhoe Mines Ltd. (TSE:IVNGet Free Report) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$15.36.

IVN has been the topic of several analyst reports. Canaccord Genuity Group lowered their target price on Ivanhoe Mines from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research report on Friday, January 12th. TD Securities decreased their price target on Ivanhoe Mines from C$16.50 to C$15.50 and set a “buy” rating on the stock in a report on Tuesday, November 21st. Finally, BMO Capital Markets lifted their target price on Ivanhoe Mines from C$17.00 to C$18.00 in a report on Wednesday, November 29th.

View Our Latest Stock Analysis on Ivanhoe Mines

Ivanhoe Mines Stock Performance

IVN stock opened at C$14.38 on Tuesday. The company has a market cap of C$18.26 billion, a P/E ratio of 37.84 and a beta of 2.02. Ivanhoe Mines has a 1 year low of C$9.89 and a 1 year high of C$14.95. The company has a debt-to-equity ratio of 20.66, a current ratio of 2.18 and a quick ratio of 20.86. The stock’s fifty day moving average price is C$13.35 and its 200-day moving average price is C$12.19.

Insiders Place Their Bets

In related news, Senior Officer Stephen Ralph Amos sold 2,489 shares of Ivanhoe Mines stock in a transaction dated Saturday, January 20th. The stock was sold at an average price of C$13.24, for a total value of C$32,941.92. 50.89% of the stock is owned by insiders.

Ivanhoe Mines Company Profile

(Get Free Report

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals located 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.

Further Reading

Analyst Recommendations for Ivanhoe Mines (TSE:IVN)

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