Citigroup Has Lowered Expectations for Ivanhoe Mines (TSE:IVN) Stock Price

Ivanhoe Mines (TSE:IVN) had its target price decreased by Citigroup from C$24.00 to C$20.00 in a research report report published on Tuesday,BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

IVN has been the topic of several other reports. Scotiabank dropped their target price on 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. TD Securities dropped their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Thursday, January 9th. UBS Group reduced their target price on shares of Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Finally, Raymond James dropped their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Thursday, January 9th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ivanhoe Mines currently has an average rating of “Buy” and an average target price of C$23.18.

Ivanhoe Mines Stock Up 0.7 %

Shares of Ivanhoe Mines stock opened at C$14.78 on Tuesday. The stock has a market capitalization of C$14.01 billion, a price-to-earnings ratio of 89.36 and a beta of 1.94. Ivanhoe Mines has a twelve month low of C$13.84 and a twelve 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 business’s 50 day simple moving average is C$16.67 and its 200-day simple moving average is C$17.74.

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.