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 trading hands.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on IVN. Citigroup reduced their target price on Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. UBS Group reduced their target price on Ivanhoe Mines from C$19.00 to C$17.00 in a research note on Wednesday, April 23rd. Jefferies Financial Group boosted their target price on Ivanhoe Mines from C$23.00 to C$24.00 in a research note on Friday, April 4th. Finally, TD Securities reduced their target price on Ivanhoe Mines from C$22.00 to C$17.00 in a research note on Tuesday, April 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Ivanhoe Mines has an average rating of "Buy" and an average target price of C$21.38.
View Our Latest Stock Analysis on IVN
Ivanhoe Mines Stock Down 1.5%
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 capitalization of C$12.18 billion, a P/E ratio of 77.69 and a beta of 1.94. The company has a 50-day moving average of C$13.04 and a two-hundred day moving average of C$15.51.
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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