Ivanhoe Mines Ltd. (TSE:IVN) Receives C$14.60 Consensus PT from Analysts

Ivanhoe Mines Ltd. (TSE:IVN) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$14.60.

A number of research analysts recently commented on the company. Raymond James Financial cut Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and decreased their price target for the stock from C$23.00 to C$17.00 in a research report on Wednesday, April 1st. Canaccord Genuity Group decreased their price target on Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating on the stock in a research report on Monday, April 6th. Citigroup decreased their price target on Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. BMO Capital Markets decreased their price target on Ivanhoe Mines from C$23.00 to C$16.00 in a research report on Wednesday, April 1st. Finally, TD Securities decreased their price target on Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st.

Insider Activity at Ivanhoe Mines

In related news, Director Setha Patricia Makhesha sold 5,200 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$11.45, for a total value of C$59,540.00. Following the transaction, the director owned 77,922 shares in the company, valued at approximately C$892,206.90. This trade represents a 6.26% decrease in their ownership of the stock. Insiders sold a total of 10,000 shares of company stock valued at $114,554 in the last quarter. 44.96% of the stock is currently owned by company insiders.

Ivanhoe Mines Stock Up 1.5%

IVN opened at C$12.53 on Friday. Ivanhoe Mines has a fifty-two week low of C$8.76 and a fifty-two week high of C$20.34. The company has a debt-to-equity ratio of 21.02, a quick ratio of 20.86 and a current ratio of 2.33. The company has a market capitalization of C$17.87 billion, a P/E ratio of 139.22 and a beta of 1.76. The stock has a fifty day moving average of C$11.69 and a 200-day moving average of C$13.87.

Ivanhoe Mines Company Profile

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.