Ivanhoe Mines (TSE:IVN) Price Target Raised to C$24.00 at Jefferies Financial Group

Ivanhoe Mines (TSE:IVN) had its price target boosted by Jefferies Financial Group from C$23.00 to C$24.00 in a research note issued to investors on Friday,BayStreet.CA reports.

A number of other research firms have also recently commented on IVN. TD Securities decreased their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a research note on Thursday, January 9th. Citigroup decreased their price objective on shares of Ivanhoe Mines from C$24.00 to C$20.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Scotiabank lowered their target price on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. UBS Group cut their price target on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Finally, Raymond James lowered their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$23.00.

Ivanhoe Mines Stock Performance

Shares of IVN stock opened at C$10.27 on Friday. Ivanhoe Mines has a 12-month low of C$10.04 and a 12-month high of C$21.32. The business’s fifty day simple moving average is C$14.74 and its 200-day simple moving average is C$17.11. The company has a current ratio of 1.36, a quick ratio of 20.86 and a debt-to-equity ratio of 2.48. The company has a market cap of C$9.74 billion, a PE ratio of 62.09 and a beta of 1.94.

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.