Analysts Set Ivanhoe Mines Ltd. (TSE:IVN) PT at C$17.80

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$17.80.

Several equities analysts have weighed in on IVN shares. Canaccord Genuity Group lowered Ivanhoe Mines from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$18.00 to C$15.00 in a report on Friday, February 20th. Stifel Nicolaus lowered their target price on Ivanhoe Mines from C$28.00 to C$22.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Scotiabank upped their price target on Ivanhoe Mines from C$18.50 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Jefferies Financial Group downgraded Ivanhoe Mines from a “buy” rating to a “hold” rating and cut their price target for the stock from C$18.00 to C$16.00 in a research note on Monday, December 8th.

Insider Activity

In other news, insider Citic Metal Africa Investments Limited sold 350,000 shares of Ivanhoe Mines stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of C$15.71, for a total value of C$5,498,500.00. Also, Director Peter Meredith sold 13,459 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of C$16.43, for a total transaction of C$221,131.37. Following the completion of the sale, the director directly owned 841,256 shares in the company, valued at approximately C$13,821,836.08. This trade represents a 1.57% decrease in their position. Over the last ninety days, insiders have sold 366,559 shares of company stock worth $5,770,625. Insiders own 44.96% of the company’s stock.

Ivanhoe Mines Stock Down 2.7%

IVN opened at C$11.11 on Tuesday. The company has a quick ratio of 20.86, a current ratio of 2.23 and a debt-to-equity ratio of 21.62. The stock has a market cap of C$15.84 billion, a price-to-earnings ratio of 58.47 and a beta of 1.40. Ivanhoe Mines has a twelve month low of C$8.76 and a twelve month high of C$20.34. The company’s 50-day moving average price is C$15.72 and its two-hundred day moving average price is C$14.66.

Ivanhoe Mines (TSE:IVN) last released its earnings results on Wednesday, February 18th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$183.99 million during the quarter. Ivanhoe Mines had a net margin of 59.26% and a return on equity of 4.76%. As a group, equities analysts expect that Ivanhoe Mines will post 1.0136483 earnings per share for the current year.

About Ivanhoe Mines

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.