Ivanhoe Mines (TSE:IVN - Free Report) had its target price trimmed by Jefferies Financial Group from C$19.00 to C$17.00 in a research note published on Thursday morning,BayStreet.CA reports.
IVN has been the topic of a number of other reports. Citigroup reduced their price target on Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Scotiabank downgraded Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and lowered their price target for the stock from C$16.00 to C$12.00 in a report on Thursday. TD Securities lowered their target price on shares of Ivanhoe Mines from C$22.00 to C$17.00 in a research note on Tuesday, April 15th. Finally, UBS Group dropped their target price on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$19.25.
Check Out Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Price Performance
Shares of TSE IVN traded down C$0.18 during midday trading on Thursday, reaching C$9.81. 935,267 shares of the stock traded hands, compared to its average volume of 3,140,332. The company's 50 day moving average is C$12.35 and its 200 day moving average is C$14.83. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86. Ivanhoe Mines has a one year low of C$8.76 and a one year high of C$20.95. The stock has a market capitalization of C$9.30 billion, a PE ratio of 59.31 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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