Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) dropped 17.5% during trading on Monday . The stock traded as low as C$10.49 and last traded at C$10.60. Approximately 7,824,168 shares changed hands during mid-day trading, an increase of 191% from the average daily volume of 2,691,944 shares. The stock had previously closed at C$12.85.
Wall Street Analyst Weigh In
IVN has been the topic of several research reports. UBS Group cut their target price on Ivanhoe Mines from C$19.00 to C$17.00 in a research note on Wednesday, April 23rd. Citigroup cut 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. 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 cut their target price on Ivanhoe Mines from C$22.00 to C$17.00 in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Ivanhoe Mines has a consensus rating of "Buy" and an average price target of C$21.38.
Get Our Latest Stock Report on IVN
Ivanhoe Mines Price Performance
The stock has a market cap of C$10.75 billion, a price-to-earnings ratio of 68.56 and a beta of 1.94. The company has a 50-day simple moving average of C$12.80 and a two-hundred day simple moving average of C$15.39. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36.
About Ivanhoe Mines
(
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.
See Also
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
