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Ivanhoe Mines Ltd. (TSE:IVN) Receives Average Rating of "Buy" from Analysts

Defense World ·  Jul 19, 2022 13:11

Shares of Ivanhoe Mines Ltd. (TSE:IVN – Get Rating) have been given an average recommendation of "Buy" by the nine ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$13.89.

IVN has been the topic of several recent analyst reports. Scotiabank dropped their target price on Ivanhoe Mines from C$15.00 to C$13.00 in a report on Thursday, July 7th. Raymond James set a C$13.50 target price on Ivanhoe Mines and gave the stock an "outperform" rating in a report on Thursday, May 12th.

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Ivanhoe Mines Stock Performance

Shares of TSE IVN opened at C$6.94 on Tuesday. The company has a current ratio of 22.47, a quick ratio of 20.02 and a debt-to-equity ratio of 20.64. The stock has a 50 day simple moving average of C$8.82 and a 200-day simple moving average of C$10.39. The company has a market cap of C$8.41 billion and a PE ratio of 115.67. Ivanhoe Mines has a 12-month low of C$6.41 and a 12-month high of C$13.15.

Ivanhoe Mines (TSE:IVN – Get Rating) last announced its earnings results on Tuesday, May 10th. The company reported C$0.03 EPS for the quarter, topping the consensus estimate of C$0.01 by C$0.02. On average, equities research analysts forecast that Ivanhoe Mines will post 0.7699999 EPS for the current year.

Ivanhoe Mines Company Profile

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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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