Ivanhoe Mines (TSE:IVN) Given New C$17.00 Price Target at TD Securities

Ivanhoe Mines (TSE:IVN) had its price target lowered by TD Securities from C$22.00 to C$17.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. Citigroup reduced 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. Jefferies Financial Group lifted their target price on shares of Ivanhoe Mines from C$23.00 to C$24.00 in a research note on Friday, April 4th. Scotiabank lowered their price target on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Thursday, January 9th. Raymond James cut their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. Finally, UBS Group lowered their price objective on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$22.50.

Ivanhoe Mines Stock Performance

TSE IVN opened at C$12.03 on Tuesday. The company has a 50-day simple moving average of C$13.96 and a two-hundred day simple moving average of C$16.73. Ivanhoe Mines has a 12-month low of C$9.79 and a 12-month high of C$21.32. The firm has a market cap of C$11.40 billion, a price-to-earnings ratio of 72.73 and a beta of 1.94. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48.

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.