Ivanhoe Mines Ltd. (TSE:IVN) Stock Has Average Price Target of C$14.72

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$14.72.

IVN has been the subject of several research analyst reports. Canaccord Genuity Group upped their price objective on Ivanhoe Mines from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Scotiabank lifted their target price on Ivanhoe Mines from C$13.00 to C$13.50 and gave the stock a “sector perform” rating in a report on Monday, June 15th. Scotia boosted their price target on shares of Ivanhoe Mines from C$13.00 to C$13.50 and gave the stock a “sector perform” rating in a research report on Wednesday, September 9th. Stifel Nicolaus upped their price target on shares of Ivanhoe Mines from C$15.00 to C$17.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Finally, Morgan Stanley upgraded shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from C$12.00 to C$13.20 in a research report on Wednesday, July 8th.

Ivanhoe Mines Price Performance

Shares of TSE:IVN opened at C$11.60 on Friday. The stock has a market cap of C$16.55 billion, a price-to-earnings ratio of 128.89 and a beta of 1.60. The company has a debt-to-equity ratio of 21.70, a current ratio of 2.16 and a quick ratio of 20.86. Ivanhoe Mines has a 12 month low of C$9.45 and a 12 month high of C$20.34. The stock’s 50 day moving average price is C$11.91 and its 200 day moving average price is C$11.53.

Ivanhoe Mines (TSE:IVN) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. Ivanhoe Mines had a return on equity of 2.32% and a net margin of 23.46%. The firm had revenue of C$216.83 million during the quarter. Equities research analysts anticipate that Ivanhoe Mines will post 1.01 earnings per share for the current fiscal year.

Ivanhoe Mines Company Profile

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine in South Africa. Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration licences in the Western Forelands, covering an area over six times larger than the adjacent Kamoa-Kakula Copper Complex, including the high-grade discoveries in the Makoko District.