Brokerages Set Ivanhoe Mines Ltd. (TSE:IVN) PT at C$14.60

Ivanhoe Mines Ltd. (TSE:IVN) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$14.60.

Several analysts recently commented on the stock. Royal Bank Of Canada cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 6th. BMO Capital Markets reduced their price objective on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a research note on Wednesday, April 1st. Canaccord Genuity Group reduced their price objective on shares of Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating for the company in a research note on Monday, April 6th. Scotiabank cut shares of Ivanhoe Mines from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$19.00 to C$14.50 in a research note on Wednesday, April 1st. Finally, Raymond James Financial cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and reduced their price objective for the company from C$23.00 to C$17.00 in a research note on Wednesday, April 1st.

Ivanhoe Mines Stock Up 4.3%

Shares of TSE IVN opened at C$12.00 on Friday. The company has a quick ratio of 20.86, a current ratio of 2.23 and a debt-to-equity ratio of 21.62. Ivanhoe Mines has a 52 week low of C$8.76 and a 52 week high of C$20.34. The firm has a 50-day moving average price of C$13.71 and a 200 day moving average price of C$14.48. The stock has a market capitalization of C$17.11 billion, a price-to-earnings ratio of 63.16 and a beta of 1.74.

Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.06 EPS for the quarter. Ivanhoe Mines had a net margin of 59.26% and a return on equity of 4.76%. The firm had revenue of C$183.99 million during the quarter. Equities research analysts anticipate that Ivanhoe Mines will post 1.0136483 EPS for the current fiscal 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.