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

Ivanhoe Mines (TSE:IVN) had its price target lowered by analysts at UBS Group from C$21.00 to C$19.00 in a report issued on Friday,BayStreet.CA reports. UBS Group’s price target would suggest a potential upside of 26.92% from the stock’s previous close.

IVN has been the subject of a number of other research reports. Raymond James dropped their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Thursday, January 9th. Scotiabank dropped their price objective on Ivanhoe Mines from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday, January 9th. Finally, TD Securities dropped their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday, January 9th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$23.55.

Ivanhoe Mines Trading Down 11.3 %

Ivanhoe Mines stock opened at C$14.97 on Friday. The stock has a market cap of C$14.19 billion, a PE ratio of 90.51 and a beta of 1.94. The stock has a 50-day moving average price of C$16.73 and a 200 day moving average price of C$17.76. Ivanhoe Mines has a 52 week low of C$13.84 and a 52 week 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.

Insider Buying and Selling at Ivanhoe Mines

In other news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of Ivanhoe Mines stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$19.00, for a total value of C$91,200.00. 44.96% of the stock is owned by company insiders.

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.