Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. BMO Capital Markets reduced their target price on shares of Ivanhoe Mines from C$24.00 to C$21.00 in a report on Friday, June 13th. TD Securities dropped their target price on shares of Ivanhoe Mines from C$16.00 to C$13.00 and set a "buy" rating for the company in a research report on Friday, June 13th. Scotiabank downgraded shares of Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and dropped their target price for the stock from C$16.00 to C$12.00 in a research report on Thursday, June 12th. Citigroup lowered their price objective on shares of Ivanhoe Mines from C$20.00 to C$14.00 in a research report on Monday, June 16th. Finally, Jefferies Financial Group lowered their price objective on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research report on Thursday, June 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Ivanhoe Mines has an average rating of "Moderate Buy" and a consensus target price of C$16.80.
Check Out Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Price Performance
The company has a 50 day moving average of C$12.01 and a 200-day moving average of C$14.12. The stock has a market capitalization of C$9.66 billion, a P/E ratio of 61.61 and a beta of 1.94. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48.
Ivanhoe Mines Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Ivanhoe Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ivanhoe Mines wasn't on the list.
While Ivanhoe Mines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
