Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$13.14 and traded as high as C$14.35. Ivanhoe Mines shares last traded at C$13.81, with a volume of 2,817,934 shares.
Analysts Set New Price Targets
IVN has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on Ivanhoe Mines from C$23.00 to C$24.00 in a report on Friday, April 4th. Citigroup cut their price objective on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. UBS Group reduced their target price on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research note on Wednesday, April 23rd. Finally, TD Securities dropped their price target on shares of Ivanhoe Mines from C$22.00 to C$17.00 in a research report on Tuesday, April 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$21.38.
Check Out Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Stock Performance
The company's 50-day moving average is C$13.14 and its two-hundred day moving average is C$15.70. 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$13.09 billion, a P/E ratio of 83.49 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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