Ivanhoe Mines Ltd. (TSE:IVN) Given Consensus Rating of "Buy" by Analysts

Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) has been assigned an average rating of "Buy" from the eight research firms that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$24.30.

Several equities research analysts have commented on IVN shares. Canaccord Genuity Group boosted their target price on Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd. Scotiabank raised their price objective on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Royal Bank of Canada cut 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 report on Tuesday, September 10th. Finally, TD Securities boosted their price objective on shares of Ivanhoe Mines from C$23.00 to C$25.00 in a report on Monday, July 22nd.

Insider Buying and Selling

In related news, Director Martie Cloete sold 2,800 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$18.56, for a total value of C$51,968.00. 44.96% of the stock is currently owned by corporate insiders.

Ivanhoe Mines Stock Up 0.6 %

Shares of TSE IVN traded up C$0.11 on Friday, reaching C$17.71. 1,631,100 shares of the company's stock traded hands, compared to its average volume of 2,175,383. The business's 50 day simple moving average is C$18.79 and its two-hundred day simple moving average is C$18.47. Ivanhoe Mines has a 12 month low of C$10.67 and a 12 month high of C$21.32. The company has a market cap of C$23.91 billion, a price-to-earnings ratio of 110.69 and a beta of 1.94. The company has a quick ratio of 20.86, a current ratio of 1.17 and a debt-to-equity ratio of 4.24.

About Ivanhoe Mines

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.