Shares of Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$11.65 and traded as low as C$10.71. Ivanhoe Mines shares last traded at C$10.98, with a volume of 5,411,998 shares.
Analyst Ratings Changes
Several brokerages recently weighed in on IVN. Canaccord Genuity Group cut their target price on Ivanhoe Mines from C$24.00 to C$12.00 in a research report on Friday, June 13th. TD Securities dropped their price target on Ivanhoe Mines from C$16.00 to C$13.00 and set a "buy" rating for the company in a research note on Friday, June 13th. UBS Group reduced their price objective on Ivanhoe Mines from C$17.00 to C$15.00 in a research note on Thursday, June 12th. BMO Capital Markets decreased their target price on Ivanhoe Mines from C$24.00 to C$21.00 in a report on Friday, June 13th. Finally, Citigroup cut their price target on shares of Ivanhoe Mines from C$20.00 to C$14.00 in a report on Monday, June 16th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$16.85.
View Our Latest Stock Analysis on IVN
Ivanhoe Mines Trading Up 2.6%
The firm has a fifty day moving average of C$11.65 and a 200 day moving average of C$13.72. The firm has a market capitalization of C$10.41 billion, a PE ratio of 66.38 and a beta of 1.94. 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 Company Profile
(
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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.
Further Reading
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