Ivanhoe Mines (TSE:IVN) Price Target Lowered to C$24.00 at TD Securities

Ivanhoe Mines (TSE:IVN - Get Free Report) had its price objective cut by equities researchers at TD Securities from C$25.00 to C$24.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 39.62% from the company's current price.

Separately, Scotiabank increased their target price on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Ivanhoe Mines presently has a consensus rating of "Buy" and an average target price of C$24.00.

Ivanhoe Mines Stock Up 1.6 %

IVN traded up C$0.27 on Thursday, reaching C$17.19. The company's stock had a trading volume of 979,623 shares, compared to its average volume of 1,272,907. The company has a market capitalization of C$23.21 billion, a price-to-earnings ratio of 107.44 and a beta of 1.94. Ivanhoe Mines has a fifty-two week low of C$12.94 and a fifty-two week high of C$21.32. The company has a quick ratio of 20.86, a current ratio of 1.17 and a debt-to-equity ratio of 4.24. The stock has a 50 day moving average of C$18.30 and a two-hundred day moving average of C$18.19.

Insider Activity at Ivanhoe Mines

In related news, Director Jinghe Chen sold 60,288 shares of Ivanhoe Mines stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$19.00, for a total value of C$1,145,472.00. Also, Director Martie Cloete sold 2,800 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$18.56, for a total transaction of C$51,968.00. Insiders sold a total of 68,088 shares of company stock worth $1,292,379 in the last 90 days. 44.96% of the stock is owned by insiders.

Ivanhoe Mines Company Profile

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.