Jefferies Financial Group Cuts Ivanhoe Mines (TSE:IVN) Price Target to C$17.00

Ivanhoe Mines (TSE:IVN) had its price target cut by Jefferies Financial Group from C$19.00 to C$17.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the stock. UBS Group decreased their price objective on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a report on Wednesday, April 23rd. Scotiabank lowered shares of Ivanhoe Mines from a “strong-buy” rating to a “hold” rating and decreased their target price for the company from C$16.00 to C$12.00 in a research note on Thursday. Citigroup decreased their target price on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Finally, TD Securities decreased their target price on shares of Ivanhoe Mines from C$22.00 to C$17.00 in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.30.

Ivanhoe Mines Price Performance

Shares of TSE IVN opened at C$9.88 on Thursday. Ivanhoe Mines has a twelve month low of C$8.76 and a twelve month high of C$20.95. The firm has a market cap of C$9.37 billion, a P/E ratio of 59.73 and a beta of 1.94. The company has a 50 day moving average of C$12.33 and a 200 day moving average of C$14.77. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48.

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.