Ivanhoe Mines (TSE:IVN) Price Target Cut to C$15.00 by Analysts at UBS Group

Ivanhoe Mines (TSE:IVN - Get Free Report) had its price objective decreased by UBS Group from C$17.00 to C$15.00 in a note issued to investors on Thursday,BayStreet.CA reports. UBS Group's price target points to a potential upside of 51.82% from the stock's current price.

Several other equities analysts have also issued reports on IVN. Citigroup dropped their target price on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Scotiabank lowered shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and dropped their target price for the company from C$16.00 to C$12.00 in a report on Thursday. Jefferies Financial Group dropped their target price on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a report on Thursday. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Ivanhoe Mines has an average rating of "Moderate Buy" and a consensus target price of C$18.30.

Ivanhoe Mines Trading Down 1.1%

Shares of TSE:IVN traded down C$0.11 during mid-day trading on Thursday, reaching C$9.88. 6,257,979 shares of the company's stock were exchanged, compared to its average volume of 3,193,379. The firm has a market capitalization of C$9.37 billion, a price-to-earnings ratio of 59.73 and a beta of 1.94. The business's fifty day moving average price is C$12.33 and its 200-day moving average price is 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 twelve month low of C$8.76 and a twelve month high of C$20.95.

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.