Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.52 and traded as low as C$18.47. Ivanhoe Mines shares last traded at C$18.74, with a volume of 912,726 shares traded.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Scotiabank increased their price target on Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Canaccord Genuity Group increased their price target on Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd. Royal Bank of Canada decreased their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. TD Securities increased their price target on Ivanhoe Mines from C$23.00 to C$25.00 in a report on Monday, July 22nd. Finally, Jefferies Financial Group increased their price objective on shares of Ivanhoe Mines from C$25.00 to C$26.00 in a research report on Friday, July 12th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$24.30.
Get Our Latest Stock Analysis on Ivanhoe Mines
Ivanhoe Mines Price Performance
The firm has a market capitalization of C$25.30 billion, a PE ratio of 117.13 and a beta of 1.94. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. The business's 50 day moving average is C$18.68 and its two-hundred day moving average is C$18.52.
Ivanhoe Mines (TSE:IVN - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.08 earnings per share for the quarter, beating analysts' consensus estimates of C$0.07 by C$0.01. Equities research analysts anticipate that Ivanhoe Mines Ltd. will post 1.0136483 earnings per share for the current fiscal year.
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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