UBS Group Lowers Ivanhoe Mines (TSE:IVN) Price Target to C$19.00

Ivanhoe Mines (TSE:IVN) had its target price reduced by UBS Group from C$21.00 to C$19.00 in a report published on Friday,BayStreet.CA reports.

IVN has been the topic of a number of other research reports. TD Securities dropped their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Thursday, January 9th. Scotiabank decreased their price objective on Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday, January 9th. Finally, Raymond James decreased their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Thursday, January 9th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ivanhoe Mines currently has a consensus rating of “Buy” and a consensus price target of C$23.55.

Ivanhoe Mines Trading Down 11.3 %

Shares of IVN opened at C$14.97 on Friday. The business’s 50-day moving average price is C$16.79 and its 200 day moving average price is C$17.78. The stock has a market capitalization of C$14.19 billion, a P/E ratio of 90.51 and a beta of 1.94. Ivanhoe Mines has a 1-year low of C$13.84 and a 1-year high of C$21.32. The company has a current ratio of 1.36, a quick ratio of 20.86 and a debt-to-equity ratio of 2.48.

Insider Activity

In other news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of Ivanhoe Mines stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$19.00, for a total transaction of C$91,200.00. 44.96% of the stock is owned by corporate 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.