Ivanhoe Mines (TSE:IVN - Get Free Report) had its price objective decreased by research analysts at TD Securities from C$22.00 to C$17.00 in a report issued on Tuesday,BayStreet.CA reports. TD Securities' price objective would suggest a potential upside of 36.55% from the company's previous close.
IVN has been the topic of a number of other research reports. UBS Group reduced their target price on Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Raymond James decreased their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Thursday, January 9th. Scotiabank dropped their price objective on Ivanhoe Mines from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research report on Thursday, January 9th. Jefferies Financial Group upped their target price on shares of Ivanhoe Mines from C$23.00 to C$24.00 in a report on Friday, April 4th. Finally, Citigroup lowered their price target on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$22.50.
Check Out Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Price Performance
IVN remained flat at C$12.45 during midday trading on Tuesday. 2,535,867 shares of the company's stock were exchanged, compared to its average volume of 2,469,967. Ivanhoe Mines has a one year low of C$9.79 and a one year high of C$21.32. The firm has a market cap of C$11.80 billion, a PE ratio of 75.27 and a beta of 1.94. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The company's fifty day moving average price is C$13.72 and its 200-day moving average price is C$16.59.
About Ivanhoe Mines
(
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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.
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