Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$16.97 and traded as high as C$17.19. Ivanhoe Mines shares last traded at C$16.66, with a volume of 1,302,419 shares changing hands.
Analyst Ratings Changes
IVN has been the subject of a number of analyst reports. Raymond James dropped their price objective on shares of 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. UBS Group dropped their price objective on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a report on Friday. TD Securities lowered 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 note on Thursday, January 9th. Finally, Scotiabank lowered their target price on shares of 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$23.55.
Read Our Latest Stock Analysis on IVN
Ivanhoe Mines Price Performance
The firm has a market cap of C$14.19 billion, a price-to-earnings ratio of 90.51 and a beta of 1.94. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The company's 50-day moving average price is C$16.79 and its 200-day moving average price is C$17.78.
Insider Transactions at Ivanhoe Mines
In other news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$19.00, for a total transaction of C$91,200.00. Corporate insiders own 44.96% of the company's stock.
Ivanhoe Mines Company Profile
(
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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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