Shares of Ivanhoe Mines Ltd (TSE:IVN) have received an average rating of “Buy” from the seven research firms that are presently covering the company, AnalystRatingsNetwork.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$1.73.

Shares of Ivanhoe Mines (TSE:IVN) opened at 0.68 on Thursday. The company has a 50-day moving average of $0.61 and a 200-day moving average of $0.68. Ivanhoe Mines has a 1-year low of $0.53 and a 1-year high of $1.36. The stock has a market capitalization of $1.37 billion and a price-to-earnings ratio of 4.86.

IVN has been the subject of a number of recent research reports. CIBC cut their target price on Ivanhoe Mines from C$4.00 to C$3.20 in a research note on Wednesday, October 14th. RBC Capital reaffirmed an “outperform” rating on shares of Ivanhoe Mines in a research note on Wednesday, December 9th. Raymond James cut their target price on Ivanhoe Mines from C$2.00 to C$1.50 and set an “outperform” rating for the company in a research note on Friday, December 4th. Paradigm Capital cut their target price on Ivanhoe Mines from C$2.50 to C$1.25 and set a “buy” rating for the company in a research note on Thursday. Finally, BMO Capital Markets downgraded Ivanhoe Mines to a “market perform (speculative)” rating in a research note on Thursday, January 14th.

Ivanhoe Mines Ltd. (TSE:IVN) is a Canada-based mineral exploration and development company, whose principal properties are located in Africa. The Company is engaged in the exploration within the Central African Copperbelt and the Bushveld Complex. The Company’s projects include Kamoa Project, Platreef Project and Kipushi Project. The Company’s Kamoa Project is a copper deposit located in the Central African Copperbelt, in Katanga Province, DRC. The Company’s Platreef Project is a PGE, gold, nickel and copper deposit located on the northern limb of the Bushveld Complex, in South Africa. The Company’s Kipushi Project is underground zinc and copper mine in the Central African Copperbelt, in Katanga Province, DRC. The Company also holds interests in mineral properties in the DRC and Gabon, including a land package of approximately 1,600 square kilometers in the Central African Copperbelt.

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