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

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

Several research analysts recently issued reports on IVN shares. BMO Capital Markets cut their target price on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a research report on Wednesday, April 1st. Royal Bank Of Canada lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Scotiabank lowered shares of Ivanhoe Mines from an “outperform” rating to a “hold” rating and cut their target price for the stock from C$19.00 to C$14.50 in a research report on Wednesday, April 1st. Raymond James Financial lowered shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and cut their target price for the stock from C$23.00 to C$17.00 in a research report on Wednesday, April 1st. Finally, TD Securities cut their target price on shares of Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st.

Ivanhoe Mines Price Performance

Shares of TSE:IVN opened at C$11.80 on Wednesday. Ivanhoe Mines has a 52-week low of C$8.76 and a 52-week high of C$20.34. The firm has a fifty day moving average of C$12.12 and a 200 day moving average of C$14.10. The firm has a market capitalization of C$16.83 billion, a PE ratio of 131.11 and a beta of 1.76. The company has a debt-to-equity ratio of 21.02, a quick ratio of 20.86 and a current ratio of 2.33.

Ivanhoe Mines (TSE:IVN) last announced its earnings results on Wednesday, February 18th. The company reported C$0.06 earnings per share (EPS) for the quarter. Ivanhoe Mines had a net margin of 25.05% and a return on equity of 2.32%. The company had revenue of C$183.99 million during the quarter. As a group, 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.