Brokerages Set Ivanhoe Mines Ltd. (TSE:IVN) PT at C$24.30

Shares of Ivanhoe Mines Ltd. (TSE:IVN) have been given a consensus rating of “Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$24.00.

Several equities research analysts have commented on IVN shares. Scotiabank dropped their price target on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Thursday. Raymond James dropped their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, TD Securities cut their target price on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research report on Thursday.

Insider Buying and Selling

In other Ivanhoe Mines news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$19.00, for a total value of C$91,200.00. Also, Director Martie Cloete sold 2,800 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$18.56, for a total transaction of C$51,968.00. Over the last three months, insiders sold 68,088 shares of company stock worth $1,292,379. 44.96% of the stock is owned by company insiders.

Ivanhoe Mines Stock Up 0.5 %

Shares of IVN stock opened at C$17.27 on Monday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. The stock has a market cap of C$23.31 billion, a PE ratio of 107.94 and a beta of 1.94. The business’s fifty day moving average is C$18.21 and its 200-day moving average is C$18.18. Ivanhoe Mines has a 1 year low of C$12.94 and a 1 year high of C$21.32.

About Ivanhoe Mines

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.