Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report)'s share price hit a new 52-week low on Friday after Citigroup lowered their price target on the stock from C$20.00 to C$14.00. The company traded as low as C$8.76 and last traded at C$9.99, with a volume of 14634245 shares traded. The stock had previously closed at C$10.77.
IVN has been the subject of several other research reports. BMO Capital Markets decreased their price objective on shares of Ivanhoe Mines from C$24.00 to C$21.00 in a research note on Friday. Canaccord Genuity Group decreased their price objective on shares of Ivanhoe Mines from C$24.00 to C$12.00 in a research note on Friday. TD Securities decreased their price objective on shares of Ivanhoe Mines from C$16.00 to C$13.00 and set a "buy" rating for the company in a research note on Friday. UBS Group decreased their price objective on shares of Ivanhoe Mines from C$17.00 to C$15.00 in a research note on Thursday. Finally, Scotiabank lowered shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and decreased their price objective for the company from C$16.00 to C$12.00 in a research note on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$17.70.
View Our Latest Analysis on IVN
Ivanhoe Mines Stock Performance
The company's 50 day moving average price is C$12.33 and its 200-day moving average price is C$14.71. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36. The company has a market cap of C$10.14 billion, a PE ratio of 64.69 and a beta of 1.94.
About Ivanhoe Mines
(
Get Free Report)
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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