Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) rose 8.7% 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$11.39 and last traded at C$11.16. Approximately 4,755,394 shares traded hands during trading, an increase of 100% from the average daily volume of 2,378,872 shares. The stock had previously closed at C$10.27.
A number of other research firms also recently commented on IVN. Citigroup decreased their price objective on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. TD Securities lowered their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set a "buy" rating on the stock in a report on Thursday, January 9th. UBS Group dropped their price objective on Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Scotiabank decreased their target price on Ivanhoe Mines from C$21.00 to C$20.00 and set an "outperform" rating on the stock in a research report on Thursday, January 9th. Finally, Raymond James dropped their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research report on Thursday, January 9th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$23.20.
Read Our Latest Analysis on IVN
Ivanhoe Mines Price Performance
The company has a market capitalization of C$11.17 billion, a price-to-earnings ratio of 71.22 and a beta of 1.94. The company has a fifty day simple moving average of C$14.12 and a two-hundred day simple moving average of C$16.82. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36.
About Ivanhoe Mines
(
Get Free Report)
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.
Read More
Before you consider Ivanhoe Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ivanhoe Mines wasn't on the list.
While Ivanhoe Mines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
