Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) was up 8.2% during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from C$23.00 to C$24.00. The stock traded as high as C$11.28 and last traded at C$11.11. Approximately 2,590,679 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 2,342,699 shares. The stock had previously closed at C$10.27.
A number of other research firms also recently commented on IVN. TD Securities cut their target price 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. Citigroup reduced their price objective on Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. UBS Group dropped their target price on Ivanhoe Mines from C$21.00 to C$19.00 in a research report on Friday, February 21st. Scotiabank cut their price target on Ivanhoe Mines from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research note on Thursday, January 9th. Finally, Raymond James lowered their price objective on shares of 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. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$23.20.
Get Our Latest Stock Analysis on IVN
Ivanhoe Mines Price Performance
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 company has a market cap of C$11.17 billion, a P/E ratio of 71.22 and a beta of 1.94. The firm's fifty day moving average is C$14.12 and its two-hundred day moving average is C$16.82.
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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