Ivanhoe Mines (TSE:IVN – Free Report) had its target price lowered by Raymond James Financial from C$15.50 to C$12.00 in a research note issued to investors on Wednesday morning,BayStreet reports. The firm currently has a market perform rating on the stock.
A number of other equities analysts have also commented on IVN. Scotia lifted their price target on shares of Ivanhoe Mines from C$13.00 to C$13.50 and gave the stock a “sector perform” rating in a report on Wednesday, September 9th. Canaccord Genuity Group increased their target price on shares of Ivanhoe Mines from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Morgan Stanley upgraded shares of Ivanhoe Mines from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from C$12.00 to C$13.20 in a report on Wednesday, July 8th. Finally, Stifel Nicolaus boosted their price target on shares of Ivanhoe Mines from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$13.77.
Get Our Latest Research Report on IVN
Ivanhoe Mines Price Performance
IVN stock traded up C$0.11 during midday trading on Wednesday, reaching C$8.28. The company had a trading volume of 4,526,865 shares, compared to its average volume of 4,486,503. The stock has a 50 day moving average price of C$11.10 and a 200-day moving average price of C$12.16. Ivanhoe Mines has a 1-year low of C$7.64 and a 1-year high of C$20.34. The company has a debt-to-equity ratio of 3.54, a current ratio of 2.21 and a quick ratio of 20.86. The company has a market capitalization of C$11.81 billion, a price-to-earnings ratio of 75.27 and a beta of 1.41.
Ivanhoe Mines (TSE:IVN – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported C$0.06 earnings per share (EPS) for the quarter. Ivanhoe Mines had a return on equity of 2.61% and a net margin of 21.51%. The firm had revenue of C$375.60 million for the quarter. Equities research analysts expect that Ivanhoe Mines will post 1.01 earnings per share for the current year.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine in South Africa. Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration licences in the Western Forelands, covering an area over six times larger than the adjacent Kamoa-Kakula Copper Complex, including the high-grade discoveries in the Makoko District.
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