Ivanhoe Mines (TSE:IVN) Price Target Lowered to C$19.00 at UBS Group

Ivanhoe Mines (TSE:IVN) had its target price lowered by UBS Group from C$21.00 to C$19.00 in a research report sent to investors on Friday,BayStreet.CA reports.

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

Ivanhoe Mines Price Performance

Shares of TSE IVN opened at C$14.97 on Friday. Ivanhoe Mines has a 1-year low of C$13.84 and a 1-year high of C$21.32. 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 business’s fifty day moving average price is C$16.79 and its two-hundred day moving average price is C$17.78. The firm has a market capitalization of C$14.19 billion, a PE ratio of 90.51 and a beta of 1.94.

Insider Activity at Ivanhoe Mines

In related news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$19.00, for a total transaction of C$91,200.00. Company insiders own 44.96% of the company’s stock.

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.