Ivanhoe Mines (TSE:IVN) Sets New 12-Month High at $9.20

Ivanhoe Mines Ltd. (TSE:IVN)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$9.20 and last traded at C$9.16, with a volume of 2000418 shares changing hands. The stock had previously closed at C$8.97.

A number of equities research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Ivanhoe Mines from C$7.00 to C$9.00 in a research report on Tuesday, January 12th. Scotiabank set a C$10.00 target price on Ivanhoe Mines and gave the company a “sector perform” rating in a report on Monday, March 22nd. Raymond James restated an “outperform” rating and issued a C$10.00 target price on shares of Ivanhoe Mines in a report on Monday, March 15th. Canaccord Genuity restated a “buy” rating on shares of Ivanhoe Mines in a report on Monday, January 11th. Finally, TD Securities increased their target price on Ivanhoe Mines from C$9.00 to C$9.50 and gave the company an “outperform” rating in a report on Wednesday, April 7th.

The company has a debt-to-equity ratio of 2.18, a current ratio of 14.37 and a quick ratio of 11.70. The company has a fifty day moving average of C$7.64 and a 200-day moving average of C$6.78. The firm has a market capitalization of C$11.05 billion and a PE ratio of -366.40.

Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings data on Monday, March 8th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.01). Equities analysts anticipate that Ivanhoe Mines Ltd. will post 0.21 EPS for the current year.

Ivanhoe Mines Company Profile (TSE:IVN)

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located 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.

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