Ivanhoe Mines (TSE:IVN) Price Target Cut to C$24.00 by Analysts at Raymond James

Ivanhoe Mines (TSE:IVN - Free Report) had its price objective trimmed by Raymond James from C$25.00 to C$24.00 in a report published on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also commented on IVN. TD Securities decreased their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a "buy" rating on the stock in a research report on Thursday. Scotiabank upped their price target on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$24.00.

Ivanhoe Mines Price Performance

IVN traded up C$0.27 during trading on Thursday, reaching C$17.19. 979,623 shares of the stock were exchanged, compared to its average volume of 1,272,907. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.17 and a quick ratio of 20.86. The company has a market capitalization of C$23.21 billion, a price-to-earnings ratio of 107.44 and a beta of 1.94. Ivanhoe Mines has a 1 year low of C$12.94 and a 1 year high of C$21.32. The business's 50 day moving average price is C$18.30 and its two-hundred day moving average price is C$18.19.

Insider Buying and Selling

In related news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of Ivanhoe Mines stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$19.00, for a total value of C$91,200.00. Also, Director Jinghe Chen sold 60,288 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$19.00, for a total value of C$1,145,472.00. Over the last ninety days, insiders have sold 68,088 shares of company stock worth $1,292,379. 44.96% of the stock is owned by company insiders.

Ivanhoe Mines Company Profile

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.