Ivanhoe Mines Ltd. (TSE:IVN) Receives Consensus Rating of “Moderate Buy” from Analysts

Ivanhoe Mines Ltd. (TSE:IVN) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$17.95.

Several equities analysts have weighed in on IVN shares. Jefferies Financial Group downgraded shares of Ivanhoe Mines from a “buy” rating to a “hold” rating and lowered their price target for the company from C$18.00 to C$16.00 in a report on Monday, December 8th. Scotiabank increased their target price on Ivanhoe Mines from C$18.50 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Stifel Nicolaus lowered their price target on shares of Ivanhoe Mines from C$28.00 to C$22.00 and set a “buy” rating for the company in a report on Wednesday, February 11th.

Insider Activity at Ivanhoe Mines

In related news, Director Peter Meredith sold 13,459 shares of Ivanhoe Mines stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of C$16.43, for a total value of C$221,131.37. Following the completion of the sale, the director directly owned 841,256 shares in the company, valued at C$13,821,836.08. The trade was a 1.57% decrease in their ownership of the stock. Also, insider Mark Sean Farren sold 14,300 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$13.38, for a total value of C$191,334.00. Following the sale, the insider owned 270,623 shares of the company’s stock, valued at C$3,620,935.74. This trade represents a 5.02% decrease in their ownership of the stock. Insiders sold 566,849 shares of company stock worth $8,458,448 in the last 90 days. 44.96% of the stock is owned by corporate insiders.

Ivanhoe Mines Stock Performance

Shares of Ivanhoe Mines stock opened at C$15.60 on Friday. The firm has a market capitalization of C$22.15 billion, a P/E ratio of 70.91 and a beta of 1.91. The business has a fifty day simple moving average of C$16.29 and a two-hundred day simple moving average of C$14.33. Ivanhoe Mines has a 12 month low of C$8.76 and a 12 month high of C$20.34. The company has a current ratio of 1.36, a quick ratio of 20.86 and a debt-to-equity ratio of 2.48.

Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$183.99 million for the quarter. On average, equities analysts forecast that Ivanhoe Mines will post 1.0136483 earnings per share for the current fiscal year.

About Ivanhoe Mines

Ivanhoe Mines Ltd is a mineral exploration and development company. The company, together with its subsidiaries, explores, develops, and recovers minerals and precious gems from its property interests located in Africa. The group explores platinum, nickel, copper, gold, silver, cobalt, iron, vanadium, and chrome. It operates in four segments: Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company’s treasury offices.