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

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$14.72.

Several analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from C$12.00 to C$13.20 in a research note on Wednesday, July 8th. 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 report on Wednesday, September 9th. Scotiabank upped their price objective 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 Monday, June 15th. Stifel Nicolaus increased their price objective on shares of 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. Finally, Canaccord Genuity Group boosted their target price 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.

Ivanhoe Mines Stock Up 0.1%

Shares of TSE:IVN opened at C$12.25 on Friday. The business’s 50 day moving average is C$11.82 and its 200 day moving average is C$11.52. Ivanhoe Mines has a 12-month low of C$9.45 and a 12-month high of C$20.34. The stock has a market cap of C$17.47 billion, a price-to-earnings ratio of 136.11 and a beta of 1.58. The company has a quick ratio of 20.86, a current ratio of 2.16 and a debt-to-equity ratio of 21.70.

Ivanhoe Mines (TSE:IVN) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.04 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$216.83 million during the quarter. On average, sell-side analysts forecast that Ivanhoe Mines will post 1.0136483 earnings per share for the current fiscal year.

About Ivanhoe Mines

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.