Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) fell 17.1% during trading on Monday . The stock traded as low as C$10.49 and last traded at C$10.65. 7,052,541 shares traded hands during mid-day trading, an increase of 163% from the average session volume of 2,682,183 shares. The stock had previously closed at C$12.85.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their target price on Ivanhoe Mines from C$23.00 to C$24.00 in a report on Friday, April 4th. UBS Group cut their price target on Ivanhoe Mines from C$19.00 to C$17.00 in a report on Wednesday, April 23rd. Citigroup cut their price target 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. Finally, TD Securities cut their target price on Ivanhoe Mines from C$22.00 to C$17.00 in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Ivanhoe Mines presently has a consensus rating of "Buy" and an average price target of C$21.38.
Read Our Latest Analysis on IVN
Ivanhoe Mines Stock Up 2.8%
The firm has a fifty day moving average price of C$12.80 and a 200 day moving average price of C$15.39. 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 company has a market cap of C$10.81 billion, a P/E ratio of 68.92 and a beta of 1.94.
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.
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