Ivanhoe Mines (TSE:IVN - Get Free Report) had its price target increased by analysts at Scotiabank from C$12.00 to C$12.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Scotiabank's target price indicates a potential upside of 12.92% from the stock's current price.
Several other equities analysts have also recently issued reports on the company. Citigroup reduced their price objective on Ivanhoe Mines from C$20.00 to C$14.00 in a report on Monday, June 16th. TD Securities decreased their price target on Ivanhoe Mines from C$16.00 to C$13.00 and set a "buy" rating for the company in a research note on Friday, June 13th. BMO Capital Markets cut their target price on Ivanhoe Mines from C$24.00 to C$21.00 in a research report on Friday, June 13th. UBS Group cut their target price on Ivanhoe Mines from C$17.00 to C$15.00 in a report on Thursday, June 12th. Finally, Canaccord Genuity Group decreased their price target on shares of Ivanhoe Mines from C$24.00 to C$12.00 in a research note on Friday, June 13th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$16.85.
Read Our Latest Research Report on IVN
Ivanhoe Mines Price Performance
Shares of IVN traded up C$0.48 during trading hours on Wednesday, hitting C$11.07. 10,275,320 shares of the stock were exchanged, compared to its average volume of 3,348,327. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36. The stock's 50-day moving average price is C$11.73 and its two-hundred day moving average price is C$13.76. Ivanhoe Mines has a 12-month low of C$8.76 and a 12-month high of C$20.95. The company has a market cap of C$10.49 billion, a price-to-earnings ratio of 66.93 and a beta of 1.94.
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.
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