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

Ivanhoe Mines (TSE:IVN) had its price objective lowered by Jefferies Financial Group from C$19.00 to C$17.00 in a research note released on Thursday,BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. Citigroup cut 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 note on Tuesday, February 25th. UBS Group cut their target price on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research report on Wednesday, April 23rd. Scotiabank lowered shares of Ivanhoe Mines from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$16.00 to C$12.00 in a research note on Thursday. Finally, TD Securities cut their price objective on shares of Ivanhoe Mines from C$22.00 to C$17.00 in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$19.25.

Ivanhoe Mines Stock Performance

IVN stock opened at C$9.99 on Thursday. The company has a 50 day moving average price of C$12.37 and a 200 day moving average price of C$14.89. Ivanhoe Mines has a fifty-two week low of C$8.76 and a fifty-two week 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 stock has a market capitalization of C$9.47 billion, a PE ratio of 60.40 and a beta of 1.94.

Ivanhoe Mines Company Profile

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.