Ivanhoe Mines Ltd. (TSE:IVN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$14.41.

Several equities research analysts have issued reports on IVN shares. Morgan Stanley raised Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from C$12.00 to C$13.20 in a research note on Wednesday, July 8th. Canaccord Genuity Group raised Ivanhoe Mines from a “hold” rating to a “buy” rating and raised their price objective for the company from C$12.00 to C$13.00 in a report on Tuesday, July 21st. Finally, Scotiabank boosted their target price on Ivanhoe Mines from C$13.00 to C$13.50 and gave the stock a “sector perform” rating in a research report on Monday, June 15th.

Ivanhoe Mines Stock Performance

Ivanhoe Mines stock opened at C$11.42 on Friday. Ivanhoe Mines has a fifty-two week low of C$9.45 and a fifty-two week high of C$20.34. The company has a debt-to-equity ratio of 21.70, a quick ratio of 20.86 and a current ratio of 2.16. The stock has a market cap of C$16.29 billion, a P/E ratio of 126.89 and a beta of 1.54. The firm’s fifty day moving average price is C$10.98 and its 200-day moving average price is C$12.24.

Ivanhoe Mines (TSE:IVN) last announced its earnings results on Wednesday, July 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$216.83 million during the quarter. Ivanhoe Mines had a net margin of 23.46% and a return on equity of 2.32%. On average, equities research analysts expect that Ivanhoe Mines will post 1.0136483 earnings per share for the current fiscal year.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine in South Africa. Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration licences in the Western Forelands, covering an area over six times larger than the adjacent Kamoa-Kakula Copper Complex, including the high-grade discoveries in the Makoko District.