TD Securities Issues Pessimistic Forecast for Ivanhoe Mines (TSE:IVN) Stock Price

Ivanhoe Mines (TSE:IVN) had its price target lowered by TD Securities from C$22.00 to C$17.00 in a research report released on Tuesday morning,BayStreet.CA reports.

A number of other research analysts also recently commented on IVN. Raymond James dropped their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. UBS Group reduced their price objective on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research report on Friday, February 21st. Scotiabank dropped their target price on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Citigroup reduced their price target 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. Finally, Jefferies Financial Group raised their price objective on Ivanhoe Mines from C$23.00 to C$24.00 in a report on Friday, April 4th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$22.50.

Ivanhoe Mines Stock Performance

Shares of IVN stock opened at C$12.45 on Tuesday. Ivanhoe Mines has a 12 month low of C$9.79 and a 12 month 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. The company has a market cap of C$11.80 billion, a P/E ratio of 75.27 and a beta of 1.94. The firm has a fifty day moving average price of C$13.80 and a 200 day moving average price of C$16.66.

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.