Ivanhoe Mines Ltd. (TSE:IVN)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$11.87 and last traded at C$11.74, with a volume of 174844 shares changing hands. The stock had previously closed at C$11.76.
A number of research analysts recently issued reports on IVN shares. Citigroup started coverage on Ivanhoe Mines in a research report on Thursday, September 23rd. They set a “neutral” rating and a C$9.00 price objective for the company. lifted their target price on Ivanhoe Mines from C$11.50 to C$13.50 in a research note on Tuesday, November 16th. Scotiabank lifted their target price on Ivanhoe Mines from C$11.00 to C$12.00 in a research note on Tuesday, October 12th. Royal Bank of Canada lifted their target price on Ivanhoe Mines from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 16th. Finally, Canaccord Genuity Group lifted their target price on Ivanhoe Mines from C$13.50 to C$14.00 in a research note on Monday, January 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ivanhoe Mines has a consensus rating of “Buy” and an average price target of C$12.56.
The business has a 50-day moving average price of C$10.19 and a 200-day moving average price of C$9.52. The company has a market capitalization of C$13.69 billion and a price-to-earnings ratio of -101.30. The company has a quick ratio of 20.75, a current ratio of 23.01 and a debt-to-equity ratio of 20.88.
Ivanhoe Mines Company Profile (TSE:IVN)
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located 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.
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