Ivanhoe Mines Ltd. (TSE:IVN) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$14.72.

A number of research firms have weighed in on IVN. Stifel Nicolaus raised their price target on Ivanhoe Mines from C$15.00 to C$17.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Canaccord Genuity Group upped their price objective on Ivanhoe Mines from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Morgan Stanley upgraded Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from C$12.00 to C$13.20 in a research note on Wednesday, July 8th. Finally, Scotia increased their price objective on Ivanhoe Mines from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a report on Wednesday, September 9th.

Ivanhoe Mines Price Performance

Shares of TSE IVN opened at C$8.88 on Wednesday. The stock has a market capitalization of C$12.67 billion, a price-to-earnings ratio of 98.67 and a beta of 1.60. The business has a 50-day moving average of C$11.35 and a 200-day moving average of C$12.28. 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 fifty-two week low of C$8.88 and a fifty-two week high of C$20.34.

Ivanhoe Mines (TSE:IVN) last released its earnings results on Tuesday, November 3rd. The company reported C$0.06 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 business had revenue of C$375.60 million for the quarter. As a group, sell-side analysts predict 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.