Ivanhoe Mines (TSE:IVN) Given New C$19.00 Price Target at UBS Group

Ivanhoe Mines (TSE:IVN) had its target price trimmed by UBS Group from C$21.00 to C$19.00 in a research note published on Friday morning,BayStreet.CA reports.

Other research analysts have also issued research reports about the stock. Raymond James dropped 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 research note on Thursday, January 9th. Scotiabank dropped their price target on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Thursday, January 9th. Finally, TD Securities dropped their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Thursday, January 9th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$23.55.

Ivanhoe Mines Stock Down 11.3 %

Ivanhoe Mines stock opened at C$14.97 on Friday. The firm has a market cap of C$14.19 billion, a PE ratio of 90.51 and a beta of 1.94. 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 firm’s 50 day moving average price is C$16.73 and its two-hundred day moving average price is C$17.76. Ivanhoe Mines has a twelve month low of C$13.84 and a twelve month high of C$21.32.

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.