Ivanhoe Mines Ltd. (TSE:IVN) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have received an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$14.72.

A number of analysts have weighed in on IVN shares. Stifel Nicolaus upped their price target on Ivanhoe Mines from C$15.00 to C$17.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Morgan Stanley upgraded shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from C$12.00 to C$13.20 in a research report on Wednesday, July 8th. Scotia lifted their price target on shares of Ivanhoe Mines from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a report on Wednesday, September 9th. Canaccord Genuity Group boosted their price target on shares of Ivanhoe Mines from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Finally, Scotiabank boosted their price target on shares of Ivanhoe Mines from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a research report on Monday, June 15th.

Ivanhoe Mines Price Performance

Shares of Ivanhoe Mines stock opened at C$11.61 on Friday. 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 firm’s 50-day simple moving average is C$11.87 and its 200-day simple moving average is C$11.53. Ivanhoe Mines has a twelve month low of C$9.45 and a twelve month high of C$20.34. The firm has a market cap of C$16.56 billion, a P/E ratio of 129.00 and a beta of 1.60.

Ivanhoe Mines (TSE:IVN) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm 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%. As a group, research analysts expect that Ivanhoe Mines will post 1.0136483 EPS 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.