Several other equities analysts have also recently issued reports on IVN. Canaccord Genuity cut Ivanhoe Mines from a buy rating to a speculative buy rating and decreased their price objective for the company from C$8.50 to C$7.00 in a report on Tuesday, January 8th. CIBC decreased their price objective on Ivanhoe Mines from C$2.90 to C$2.50 in a report on Monday, January 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of C$5.96.
Shares of IVN stock opened at C$3.15 on Thursday. The stock has a market capitalization of $3.20 billion and a PE ratio of 14.13. The company has a quick ratio of 25.70, a current ratio of 25.97 and a debt-to-equity ratio of 1.86. Ivanhoe Mines has a 52-week low of C$2.00 and a 52-week high of C$3.59.
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. The company explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, germanium, and lead deposits. Its projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located on the DRC's Copperbelt; and the Kamoa-Kakula project located within the Central African Copperbelt in the Democratic Republic of Congo (DRC).
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