Ivanhoe Mines (TSE:IVN - Free Report) had its price objective lowered by BMO Capital Markets from C$24.00 to C$21.00 in a research report sent to investors on Friday,BayStreet.CA reports.
Other analysts have also issued reports about the stock. UBS Group cut their price target on shares of Ivanhoe Mines from C$17.00 to C$15.00 in a research report on Thursday. Citigroup cut 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 report on Tuesday, February 25th. Canaccord Genuity Group cut their price target on shares of Ivanhoe Mines from C$24.00 to C$12.00 in a research report on Friday. Jefferies Financial Group cut their price target on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research report on Thursday. Finally, Scotiabank lowered shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and cut their price target for the company from C$16.00 to C$12.00 in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$18.30.
Read Our Latest Stock Report on IVN
Ivanhoe Mines Price Performance
IVN traded down C$0.11 during trading on Friday, reaching C$9.88. The stock had a trading volume of 6,257,979 shares, compared to its average volume of 3,193,379. The business has a 50-day moving average of C$12.33 and a 200-day moving average of C$14.74. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36. Ivanhoe Mines has a one year low of C$8.76 and a one year high of C$20.95. The stock has a market cap of C$9.37 billion, a PE ratio of 59.73 and a beta of 1.94.
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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