TD Securities Cuts Ivanhoe Mines (TSE:IVN) Price Target to C$13.00

Ivanhoe Mines (TSE:IVN - Get Free Report) had its target price lowered by equities research analysts at TD Securities from C$16.00 to C$13.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective indicates a potential upside of 31.58% from the stock's current price.

Several other research analysts have also recently commented on IVN. Citigroup decreased their target price 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. UBS Group decreased their target price on shares of Ivanhoe Mines from C$17.00 to C$15.00 in a research report on Thursday. Scotiabank cut shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and decreased their target price for the stock from C$16.00 to C$12.00 in a research report on Thursday. Canaccord Genuity Group reduced their price target on shares of Ivanhoe Mines from C$24.00 to C$12.00 in a research note on Friday. Finally, Jefferies Financial Group reduced their price target on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Ivanhoe Mines has an average rating of "Moderate Buy" and an average target price of C$18.30.

Ivanhoe Mines Stock Performance

TSE IVN traded down C$0.11 on Friday, hitting C$9.88. The stock had a trading volume of 6,257,979 shares, compared to its average volume of 3,193,379. Ivanhoe Mines has a one year low of C$8.76 and a one year high of C$20.95. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The stock has a market cap of C$9.37 billion, a price-to-earnings ratio of 59.73 and a beta of 1.94. The company's 50-day moving average is C$12.33 and its two-hundred day moving average is C$14.77.

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.