Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) shares were up 8.6% during mid-day trading on Tuesday . The stock traded as high as C$11.39 and last traded at C$11.15. Approximately 5,567,825 shares changed hands during mid-day 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 Upgrades and Downgrades
Several analysts have recently commented on the stock. Scotiabank reduced their price objective on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research report on Thursday, January 9th. Raymond James reduced their price target 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. Jefferies Financial Group upped their price objective on shares of Ivanhoe Mines from C$23.00 to C$24.00 in a report on Friday, April 4th. TD Securities reduced 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 note 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 note on Friday, February 21st. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$23.20.
View Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Price Performance
The firm has a market cap of C$11.17 billion, a P/E ratio of 71.22 and a beta of 1.94. The company has a fifty day moving average of C$14.12 and a 200-day moving average of C$16.82. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86.
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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