Ivanhoe Mines Ltd. (TSE:IVN) Receives C$24.30 Average PT from Analysts

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is C$24.30.

Separately, Scotiabank raised their price objective on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th.

Ivanhoe Mines Price Performance

TSE IVN opened at C$16.92 on Monday. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.17 and a quick ratio of 20.86. The firm has a market capitalization of C$22.84 billion, a price-to-earnings ratio of 105.75 and a beta of 1.94. The company has a 50 day simple moving average of C$18.35 and a 200-day simple moving average of C$18.20. Ivanhoe Mines has a 52-week low of C$12.94 and a 52-week high of C$21.32.

Insider Activity

In other Ivanhoe Mines news, Director Martie Cloete sold 2,800 shares of Ivanhoe Mines stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$18.56, for a total value of C$51,968.00. Also, Director Jinghe Chen sold 60,288 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$19.00, for a total value of C$1,145,472.00. In the last ninety days, insiders have sold 68,088 shares of company stock worth $1,292,379. Company insiders own 44.96% of the company’s stock.

Ivanhoe Mines Company Profile

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