Ivanhoe Mines (TSE:IVN) Price Target Lowered to C$24.00 at Raymond James

Ivanhoe Mines (TSE:IVN) had its target price cut by Raymond James from C$25.00 to C$24.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. Scotiabank lifted their price target on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. TD Securities dropped their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Thursday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$24.00.

Ivanhoe Mines Trading Up 1.6 %

Ivanhoe Mines stock opened at C$17.19 on Thursday. Ivanhoe Mines has a one year low of C$12.94 and a one year high of C$21.32. The business’s fifty day moving average is C$18.26 and its 200 day moving average is C$18.18. The stock has a market capitalization of C$23.21 billion, a PE ratio of 107.44 and a beta of 1.94. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.17 and a quick ratio of 20.86.

Insider Transactions at Ivanhoe Mines

In other Ivanhoe Mines news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$19.00, for a total value of C$91,200.00. Also, Director Martie Cloete sold 2,800 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$18.56, for a total transaction of C$51,968.00. Insiders have sold 68,088 shares of company stock worth $1,292,379 in the last 90 days. 44.96% of the stock is currently owned by insiders.

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.