Ivanhoe Mines Ltd. (TSE:IVN)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$11.87 and last traded at C$11.74, with a volume of 174844 shares. The stock had previously closed at C$11.76.
Several research analysts have issued reports on IVN shares. TD Securities increased their price objective on Ivanhoe Mines from C$12.00 to C$14.00 in a research report on Wednesday, October 20th. Royal Bank of Canada increased their price objective on Ivanhoe Mines from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 16th. Bank of America lowered their target price on Ivanhoe Mines from C$11.50 to C$11.00 and set a “na” rating on the stock in a report on Wednesday, September 22nd. Raymond James reissued an “outperform” rating and issued a C$12.50 target price on shares of Ivanhoe Mines in a report on Tuesday. Finally, upped their target price on Ivanhoe Mines from C$11.50 to C$13.50 in a report on Tuesday, November 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ivanhoe Mines has an average rating of “Buy” and a consensus price target of C$12.56.
The company has a quick ratio of 20.75, a current ratio of 23.01 and a debt-to-equity ratio of 20.88. The firm has a market cap of C$13.69 billion and a price-to-earnings ratio of -101.30. The business has a 50 day moving average of C$10.19 and a 200 day moving average of C$9.52.
Ivanhoe Mines Company Profile (TSE:IVN)
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located 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.
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