Shares of Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) have been given a consensus recommendation of "Buy" by the six analysts that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$21.38.
Several research analysts have commented on the company. UBS Group cut their price target on Ivanhoe Mines from C$19.00 to C$17.00 in a research report on Wednesday, April 23rd. Citigroup lowered 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 research report on Tuesday, February 25th. Jefferies Financial Group upped their target price on shares of Ivanhoe Mines from C$23.00 to C$24.00 in a report on Friday, April 4th. Finally, TD Securities lowered their price target on Ivanhoe Mines from C$22.00 to C$17.00 in a report on Tuesday, April 15th.
View Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Stock Performance
Shares of IVN stock traded up C$1.06 during mid-day trading on Friday, hitting C$14.44. 3,088,755 shares of the stock were exchanged, compared to its average volume of 2,598,382. The stock's fifty day simple moving average is C$13.09 and its two-hundred day simple moving average is C$15.88. 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 12-month low of C$9.79 and a 12-month high of C$21.32. The stock has a market capitalization of C$13.69 billion, a price-to-earnings ratio of 87.30 and a beta of 1.94.
About Ivanhoe Mines
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Get Free ReportIvanhoe 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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