Ivanhoe Mines (TSE:IVN) Price Target Raised to C$16.00 at Stifel Nicolaus

Ivanhoe Mines (TSE:IVN) had its price objective hoisted by Stifel Nicolaus from C$13.50 to C$16.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently commented on the company. Raymond James Financial dropped their target price on Ivanhoe Mines from C$21.00 to C$20.00 in a report on Thursday, August 21st. Scotiabank boosted their target price on Ivanhoe Mines from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a report on Wednesday, July 9th. Canaccord Genuity Group dropped their target price on Ivanhoe Mines from C$24.00 to C$12.00 in a report on Friday, June 13th. TD Securities lowered their price target on Ivanhoe Mines from C$16.00 to C$13.00 and set a “buy” rating on the stock in a report on Friday, June 13th. Finally, Royal Bank Of Canada lowered their price target on Ivanhoe Mines from C$24.00 to C$15.00 and set an “outperform” rating on the stock in a report on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$15.55.

Ivanhoe Mines Trading Up 9.4%

Ivanhoe Mines stock opened at C$14.33 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 20.86 and a debt-to-equity ratio of 2.48. The business’s fifty day simple moving average is C$11.88 and its two-hundred day simple moving average is C$12.05. 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 capitalization of C$19.40 billion, a price-to-earnings ratio of 49.41 and a beta of 1.79.

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.