Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report)'s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$11.32 and traded as low as C$10.95. Ivanhoe Mines shares last traded at C$11.13, with a volume of 2,202,914 shares traded.
Analyst Ratings Changes
Several research firms have recently commented on IVN. Raymond James Financial raised shares of Ivanhoe Mines to a "moderate buy" rating in a research report on Monday, June 30th. TD Securities cut their target price on shares of Ivanhoe Mines from C$16.00 to C$13.00 and set a "buy" rating for the company in a research report on Friday, June 13th. Stifel Canada raised shares of Ivanhoe Mines to a "strong-buy" rating in a report on Tuesday, July 8th. Citigroup lowered their target price on shares of Ivanhoe Mines from C$20.00 to C$14.00 in a report on Monday, June 16th. Finally, Scotiabank increased their price objective on shares of Ivanhoe Mines from C$12.00 to C$12.50 and gave the company a "sector perform" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ivanhoe Mines has a consensus rating of "Buy" and a consensus target price of C$16.85.
Check Out Our Latest Report on IVN
Ivanhoe Mines Stock Performance
The firm has a market capitalization of C$10.55 billion, a price-to-earnings ratio of 67.29 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. The stock has a 50-day moving average price of C$11.27 and a 200 day moving average price of C$13.40.
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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