Ivanhoe Mines (TSE:IVN) Given New C$24.00 Price Target at Jefferies Financial Group

Ivanhoe Mines (TSE:IVN - Free Report) had its target price raised by Jefferies Financial Group from C$23.00 to C$24.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other equities research analysts also recently commented on the stock. TD Securities reduced their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a "buy" rating for the company in a research report on Thursday, January 9th. Scotiabank reduced their price target on Ivanhoe Mines from C$21.00 to C$20.00 and set an "outperform" rating for the company in a report on Thursday, January 9th. UBS Group decreased their price target on Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Raymond James cut their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research report on Thursday, January 9th. Finally, Citigroup decreased their target price on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ivanhoe Mines presently has a consensus rating of "Buy" and an average target price of C$23.00.

Ivanhoe Mines Stock Performance

Ivanhoe Mines stock traded up C$1.56 during trading hours on Friday, reaching C$12.15. 5,231,029 shares of the stock were exchanged, compared to its average volume of 2,453,199. Ivanhoe Mines has a 52-week low of C$9.79 and a 52-week high of C$21.32. The stock has a market cap of C$11.52 billion, a P/E ratio of 73.46 and a beta of 1.94. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36. The firm's 50 day moving average is C$14.44 and its 200 day moving average is C$16.99.

Remove Ads

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.