Ivanhoe Mines Ltd. (TSE:IVN) Receives Average Rating of "Buy" from Analysts

Shares of Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) have been given a consensus recommendation of "Buy" by the eight analysts that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$24.00.

Several research firms recently issued reports on IVN. Scotiabank cut their target price on Ivanhoe Mines from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research report on Thursday, January 9th. TD Securities cut their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set a "buy" rating for the company in a report on Thursday, January 9th. Finally, Raymond James dropped their target price on Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Thursday, January 9th.

Insiders Place Their Bets

In other news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$19.00, for a total value of C$91,200.00. Also, Director Martie Cloete sold 2,800 shares of the 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. Over the last 90 days, insiders have sold 68,088 shares of company stock worth $1,292,379. 44.96% of the stock is owned by corporate insiders.

Ivanhoe Mines Stock Performance

Shares of TSE IVN traded down C$0.48 during trading on Friday, hitting C$15.13. The company had a trading volume of 2,707,785 shares, compared to its average volume of 1,529,013. The stock has a 50 day simple moving average of C$17.58 and a 200 day simple moving average of C$18.01. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. Ivanhoe Mines has a 12 month low of C$13.79 and a 12 month high of C$21.32. The firm has a market capitalization of C$20.43 billion, a P/E ratio of 94.56 and a beta of 1.94.

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.