Ivanhoe Mines (TSE:IVN) Price Target Lowered to C$21.00 at BMO Capital Markets

Ivanhoe Mines (TSE:IVN) had its price objective decreased by BMO Capital Markets from C$24.00 to C$21.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the stock. Scotiabank downgraded shares of Ivanhoe Mines from a “strong-buy” rating to a “hold” rating and cut their target price for the company from C$16.00 to C$12.00 in a research note on Thursday. Jefferies Financial Group cut their target price on shares of Ivanhoe Mines from C$19.00 to C$17.00 in a research note on Thursday. Canaccord Genuity Group cut their target price on shares of Ivanhoe Mines from C$24.00 to C$12.00 in a research note on Friday. TD Securities cut their target price on shares of Ivanhoe Mines from C$22.00 to C$17.00 in a research note on Tuesday, April 15th. Finally, UBS Group cut their target price on shares of Ivanhoe Mines from C$17.00 to C$15.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Ivanhoe Mines presently has a consensus rating of “Moderate Buy” and an average price target of C$18.30.

Ivanhoe Mines Trading Down 1.1%

Shares of TSE:IVN opened at C$9.88 on Friday. Ivanhoe Mines has a 52-week low of C$8.76 and a 52-week high of C$20.95. The company has a market capitalization of C$9.37 billion, a P/E ratio of 59.73 and a beta of 1.94. The company has a 50-day simple moving average of C$12.33 and a 200 day simple moving average of C$14.74. The company has a debt-to-equity ratio of 2.48, a quick ratio of 20.86 and a current ratio of 1.36.

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.