Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) shares were up 8.6% on Monday after Jefferies Financial Group raised their price target on the stock from C$23.00 to C$24.00. The company traded as high as C$11.39 and last traded at C$11.15. Approximately 5,567,825 shares changed hands during trading, an increase of 132% from the average daily volume of 2,400,169 shares. The stock had previously closed at C$10.27.
IVN has been the subject of several other research reports. TD Securities reduced their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a "buy" rating for the company in a report on Thursday, January 9th. Raymond James lowered their target price on Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Thursday, January 9th. Scotiabank cut their price target on Ivanhoe Mines from C$21.00 to C$20.00 and set an "outperform" rating on the stock in a report on Thursday, January 9th. UBS Group decreased their price objective on Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Finally, Citigroup cut their target price on Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ivanhoe Mines currently has a consensus rating of "Buy" and a consensus target price of C$23.20.
View Our Latest Research Report on Ivanhoe Mines
Ivanhoe Mines Stock Up 7.9 %
The stock has a market capitalization of C$11.17 billion, a PE ratio of 71.22 and a beta of 1.94. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86. The business's fifty day moving average price is C$14.12 and its two-hundred day moving average price 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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