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

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$17.95.

A number of equities analysts recently weighed in on IVN shares. Scotiabank lifted their target price on shares of Ivanhoe Mines from C$18.50 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Jefferies Financial Group lowered shares of Ivanhoe Mines from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$18.00 to C$16.00 in a report on Monday, December 8th. Finally, Stifel Nicolaus dropped their price target 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.

Ivanhoe Mines Stock Down 3.7%

Shares of TSE IVN opened at C$15.60 on Friday. The stock has a market capitalization of C$22.15 billion, a P/E ratio of 70.91 and a beta of 1.91. The stock’s fifty day moving average is C$16.29 and its 200 day moving average is C$14.33. Ivanhoe Mines has a 52 week low of C$8.76 and a 52 week high of C$20.34. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36.

Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$183.99 million during the quarter. Sell-side analysts forecast that Ivanhoe Mines will post 1.0136483 earnings per share for the current fiscal year.

Insider Activity at Ivanhoe Mines

In other Ivanhoe Mines news, Director Peter Meredith sold 13,459 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of C$16.43, for a total value of C$221,131.37. Following the transaction, the director directly owned 841,256 shares in the company, valued at C$13,821,836.08. The trade was a 1.57% decrease in their ownership of the stock. Also, insider Mark Sean Farren sold 60,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$13.40, for a total transaction of C$804,000.00. Following the transaction, the insider owned 174,923 shares of the company’s stock, valued at C$2,343,968.20. This represents a 25.54% decrease in their position. Over the last 90 days, insiders sold 566,849 shares of company stock worth $8,458,448. 44.96% of the stock is owned by company insiders.

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.