Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) rose 8.6% during trading on Tuesday . The company traded as high as C$11.39 and last traded at C$11.15. Approximately 5,567,825 shares traded 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.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of Ivanhoe Mines from C$23.00 to C$24.00 in a research report on Friday, April 4th. Citigroup decreased their price target on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Raymond James dropped their price objective on 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. TD Securities decreased their target price on 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. Finally, UBS Group dropped their price target on Ivanhoe Mines from C$21.00 to C$19.00 in a research report on Friday, February 21st. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$23.20.
View Our Latest Research Report on IVN
Ivanhoe Mines Stock Performance
The company has a 50-day moving average price of C$14.12 and a two-hundred day moving average price of C$16.82. 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 stock has a market capitalization of C$11.17 billion, a P/E ratio of 71.22 and a beta of 1.94.
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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