Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$12.18 and traded as low as C$10.06. Ivanhoe Mines shares last traded at C$10.08, with a volume of 2,902,095 shares traded.
Analyst Ratings Changes
A number of equities research analysts have weighed in on IVN shares. Canaccord Genuity Group dropped their price target on shares of Ivanhoe Mines from C$24.00 to C$12.00 in a research report on Friday, June 13th. Citigroup dropped their price target on shares of Ivanhoe Mines from C$20.00 to C$14.00 in a research report on Monday, June 16th. UBS Group dropped their price objective on shares of Ivanhoe Mines from C$17.00 to C$15.00 in a report on Thursday, June 12th. Scotiabank cut shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and dropped their price objective for the company from C$16.00 to C$12.00 in a report on Thursday, June 12th. Finally, Jefferies Financial Group dropped their price objective on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a report on Thursday, June 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Ivanhoe Mines currently has an average rating of "Moderate Buy" and a consensus target price of C$16.80.
Get Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Stock Down 0.7%
The business's 50 day moving average is C$12.18 and its 200-day moving average is C$14.38. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86. The company has a market cap of C$9.56 billion, a PE ratio of 60.94 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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