Ivanhoe Mines (TSE:IVN) Price Target Raised to C$16.00 at TD Securities

Ivanhoe Mines (TSE:IVN) had its price target upped by TD Securities from C$13.00 to C$16.00 in a report issued on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. Scotiabank raised shares of Ivanhoe Mines from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$12.50 to C$17.00 in a research note on Monday. BMO Capital Markets cut their target price on shares of Ivanhoe Mines from C$24.00 to C$21.00 in a research report on Friday, June 13th. Raymond James Financial cut their target price on shares of Ivanhoe Mines from C$21.00 to C$20.00 in a research report on Thursday, August 21st. Stifel Nicolaus raised their target price on shares of Ivanhoe Mines from C$13.50 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Citigroup cut their target price on shares of Ivanhoe Mines from C$20.00 to C$14.00 in a research report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$16.30.

Ivanhoe Mines Trading Up 3.8%

IVN stock opened at C$14.66 on Monday. The company has a market capitalization of C$19.85 billion, a PE ratio of 50.55 and a beta of 1.79. Ivanhoe Mines has a 12 month low of C$8.76 and a 12 month high of C$20.91. The firm’s 50-day moving average is C$12.06 and its 200 day moving average is C$12.04. 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 Company Profile

Ivanhoe Mines Ltd is a mineral exploration and development company. The company, together with its subsidiaries, explores, develops, and recovers minerals and precious gems from its property interests located in Africa. The group explores platinum, nickel, copper, gold, silver, cobalt, iron, vanadium, and chrome.