Analysts Set Ivanhoe Mines Ltd. (TSE:IVN) Target Price at C$23.18

Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) has been assigned an average recommendation of "Buy" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$23.18.

IVN has been the topic of several analyst reports. Scotiabank dropped their target price on Ivanhoe Mines from C$21.00 to C$20.00 and set an "outperform" rating on the stock in a research report on Thursday, January 9th. Citigroup lowered their price target on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. TD Securities dropped their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a "buy" rating on the stock in a research note on Thursday, January 9th. Raymond James dropped their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research report on Thursday, January 9th. Finally, UBS Group dropped their price target on Ivanhoe Mines from C$21.00 to C$19.00 in a research report on Friday, February 21st.

Ivanhoe Mines Stock Up 1.0 %

Shares of IVN traded up C$0.15 during trading on Friday, reaching C$15.10. The company's stock had a trading volume of 1,900,535 shares, compared to its average volume of 2,190,642. The company has a fifty day moving average of C$15.39 and a two-hundred day moving average of C$17.36. Ivanhoe Mines has a twelve month low of C$12.15 and a twelve month high of C$21.32. The company has a market cap of C$14.32 billion, a price-to-earnings ratio of 91.29 and a beta of 1.94. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48.

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Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.