Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$18.74 and traded as low as C$17.98. Ivanhoe Mines shares last traded at C$18.33, with a volume of 1,302,253 shares.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on IVN shares. Royal Bank of Canada 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 research note on Tuesday, September 10th. TD Securities lifted their price target on Ivanhoe Mines from C$23.00 to C$25.00 in a research note on Monday, July 22nd. Canaccord Genuity Group lifted their target price on Ivanhoe Mines from C$24.00 to C$25.00 in a research note on Monday, July 22nd. Finally, Scotiabank lifted their target price on Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$24.30.
View Our Latest Analysis on IVN
Ivanhoe Mines Trading Down 2.2 %
The firm has a market cap of C$24.19 billion, a P/E ratio of 114.56 and a beta of 1.94. The company has a 50 day moving average of C$18.75 and a 200 day moving average of C$18.51. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17.
Insider Activity at Ivanhoe Mines
In related news, Director Martie Cloete sold 2,800 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$18.56, for a total value of C$51,968.00. 44.96% of the stock is currently owned by company insiders.
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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