Ivanhoe Mines (TSE:IVN - Get Free Report) had its price target decreased by investment analysts at Canaccord Genuity Group from C$24.00 to C$12.00 in a note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group's target price suggests a potential upside of 21.70% from the stock's previous close.
A number of other analysts have also recently weighed in on IVN. TD Securities decreased their target price on shares of Ivanhoe Mines from C$22.00 to C$17.00 in a research note on Tuesday, April 15th. 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 note on Thursday. Citigroup decreased their price objective on Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group lowered their target price on Ivanhoe Mines from C$19.00 to C$17.00 in a research report on Thursday. Finally, UBS Group reduced their price target on Ivanhoe Mines from C$17.00 to C$15.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$18.30.
View Our Latest Stock Report on IVN
Ivanhoe Mines Price Performance
Shares of TSE IVN traded down C$0.13 during midday trading on Friday, reaching C$9.86. 3,182,393 shares of the company were exchanged, compared to its average volume of 3,165,473. The stock's 50-day moving average price is C$12.35 and its 200-day moving average price is C$14.83. The stock has a market cap of C$9.35 billion, a P/E ratio of 59.61 and a beta of 1.94. 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.
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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