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

Ivanhoe Mines (TSE:IVN) had its price target decreased by Stifel Nicolaus from C$28.00 to C$22.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 24.79% from the stock’s previous close.

A number of other analysts have also commented on IVN. Scotiabank boosted their price objective on shares of Ivanhoe Mines from C$18.50 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Jefferies Financial Group cut shares of Ivanhoe Mines from a “buy” rating to a “hold” rating and cut their price target for the stock from C$18.00 to C$16.00 in a research report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$17.95.

Ivanhoe Mines Price Performance

Shares of Ivanhoe Mines stock remained flat at C$17.63 during trading hours on Wednesday. The company’s stock had a trading volume of 1,782,163 shares, compared to its average volume of 4,229,052. The company has a market capitalization of C$25.03 billion, a P/E ratio of 80.14 and a beta of 1.91. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The stock has a 50 day simple moving average of C$15.98 and a 200 day simple moving average of C$14.10. Ivanhoe Mines has a 12 month low of C$8.76 and a 12 month high of C$20.34.

Ivanhoe Mines (TSE:IVN) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$180.18 million for the quarter. Equities analysts expect that Ivanhoe Mines will post 1.0136483 EPS for the current year.

Insider Buying and Selling at Ivanhoe Mines

In other news, insider Citic Metal Africa Investments Limited sold 350,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of C$15.71, for a total value of C$5,498,500.00. Also, insider Mark Sean Farren sold 14,300 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of C$13.38, for a total value of C$191,334.00. Following the transaction, the insider directly owned 270,623 shares in the company, valued at C$3,620,935.74. The trade was a 5.02% decrease in their ownership of the stock. Insiders have sold 566,849 shares of company stock worth $8,458,448 over the last 90 days. Company insiders own 44.96% of the company’s stock.

About Ivanhoe Mines

Ivanhoe Mines Ltd is a mineral exploration and development company. The company, together with its subsidiaries, explores, develops, and recovers minerals and precious gems from its property interests located in Africa. The group explores platinum, nickel, copper, gold, silver, cobalt, iron, vanadium, and chrome. It operates in four segments: Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company’s treasury offices.