Ivanhoe Mines (TSE:IVN) Price Target Lowered to C$17.00 at Jefferies Financial Group

Ivanhoe Mines (TSE:IVN - Free Report) had its price target trimmed by Jefferies Financial Group from C$19.00 to C$17.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Citigroup dropped 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. UBS Group reduced their price objective on Ivanhoe Mines from C$19.00 to C$17.00 in a research note on Wednesday, April 23rd. Scotiabank lowered Ivanhoe Mines from a "strong-buy" rating to a "hold" rating and reduced their price objective for the stock from C$16.00 to C$12.00 in a research note on Thursday. Finally, TD Securities cut their price objective on Ivanhoe Mines from C$22.00 to C$17.00 in a report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$18.30.

Ivanhoe Mines Stock Down 1.1%

IVN traded down C$0.11 on Thursday, reaching C$9.88. The company's stock had a trading volume of 6,257,979 shares, compared to its average volume of 3,193,379. The stock has a market cap of C$9.37 billion, a price-to-earnings ratio of 59.73 and a beta of 1.94. Ivanhoe Mines has a 1 year low of C$8.76 and a 1 year high of C$20.95. 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 business's 50 day moving average is C$12.33 and its 200 day moving average is C$14.74.

About Ivanhoe Mines

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.