Ivanhoe Mines (TSE:IVN - Get Free Report) had its price target dropped by equities research analysts at UBS Group from C$17.00 to C$15.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. UBS Group's price target points to a potential upside of 52.91% from the stock's current price.
A number of other research firms have also recently commented on IVN. Jefferies Financial Group decreased their target price on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research report on Thursday. Scotiabank downgraded shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and reduced their price target for the company from C$16.00 to C$12.00 in a research note on Thursday. TD Securities lowered their price objective on shares of Ivanhoe Mines from C$22.00 to C$17.00 in a research report on Tuesday, April 15th. Finally, Citigroup cut their target price 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$19.25.
Get Our Latest Analysis on IVN
Ivanhoe Mines Trading Down 1.8%
TSE:IVN traded down C$0.18 on Thursday, reaching C$9.81. The company's stock had a trading volume of 935,267 shares, compared to its average volume of 3,140,332. Ivanhoe Mines has a 12-month low of C$8.76 and a 12-month high of C$20.95. The stock has a 50 day moving average price of C$12.35 and a 200 day moving average price of C$14.83. The firm has a market cap of C$9.30 billion, a price-to-earnings ratio of 59.31 and a beta of 1.94. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48.
About Ivanhoe Mines
(
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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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