Ivanhoe Mines (TSE:IVN) Stock Price Up 6.1% on Analyst Upgrade

Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) shares rose 6.1% during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from C$23.00 to C$24.00. The stock traded as high as C$11.28 and last traded at C$10.90. Approximately 2,980,011 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 2,358,494 shares. The stock had previously closed at C$10.27.Get Ivanhoe Mines alerts:A number of other equities research analysts have also issued reports on IVN. Scotiabank dropped their target price on shares of Ivanhoe Mines from C$21.00 to C$20.00 and set an "outperform" rating for the company in a report on Thursday, January 9th. TD Securities cut their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a "buy" rating for the company in a report on Thursday, January 9th. Citigroup lowered their target price on Ivanhoe Mines from C$24.00 to C$20.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Raymond James cut their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Thursday, January 9th. Finally, UBS Group lowered their price objective on Ivanhoe Mines from C$21.00 to C$19.00 in a research note on Friday, February 21st. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$23.00.View Our Latest Report on IVNIvanhoe Mines Stock PerformanceThe company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of C$10.33 billion, a PE ratio of 65.90 and a beta of 1.94. The firm has a 50-day moving average price of C$14.74 and a 200 day moving average price of C$17.13. Ivanhoe Mines Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Ivanhoe MinesHow to Invest in Tech Stocks and Top Tech Stocks to ConsiderNVIDIA Stock: Oversold, Undervalued — How Low Can It Go?Are Penny Stocks a Good Fit for Your Portfolio?MicroStrategy Sees Insider Buy-Sell Action in Q12 Rising CRM Platform Stocks That Can Surge Higher in 2025 These Dividend Stocks Might Be the Safest Bet Right NowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ivanhoe Mines Right Now?Before you consider Ivanhoe Mines, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ivanhoe Mines wasn't on the list.While Ivanhoe Mines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here