Ivanhoe Mines (TSE:IVN - Free Report) had its price target cut by BMO Capital Markets from C$24.00 to C$21.00 in a research report released on Friday,BayStreet.CA reports.
A number of other research firms also recently issued reports on IVN. TD Securities dropped their price objective on shares of Ivanhoe Mines from C$22.00 to C$17.00 in a report on Tuesday, April 15th. Citigroup lowered their price target on Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Jefferies Financial Group dropped their price target on Ivanhoe Mines from C$19.00 to C$17.00 in a research note on Thursday. Scotiabank lowered Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from C$16.00 to C$12.00 in a research report on Thursday. Finally, Canaccord Genuity Group decreased their price objective on Ivanhoe Mines from C$24.00 to C$12.00 in a report on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ivanhoe Mines presently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.70.
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Ivanhoe Mines Price Performance
IVN stock traded up C$0.82 during midday trading on Friday, reaching C$10.70. The company had a trading volume of 5,408,805 shares, compared to its average volume of 3,212,644. The firm has a 50-day moving average price of C$12.33 and a 200-day moving average price of C$14.71. The company has a market capitalization of C$10.14 billion, a P/E ratio of 64.69 and a beta of 1.94. Ivanhoe Mines has a 1 year low of C$8.76 and a 1 year high of C$20.95. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86.
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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