Ivanhoe Mines (OTCMKTS:IVPAF) Stock Passes Below Two Hundred Day Moving Average of $7.34

Ivanhoe Mines Ltd. (OTCMKTS:IVPAFGet Rating)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.34 and traded as low as $6.49. Ivanhoe Mines shares last traded at $6.53, with a volume of 66,284 shares traded.

Analysts Set New Price Targets

Several brokerages recently weighed in on IVPAF. Scotiabank cut their price target on shares of Ivanhoe Mines from C$15.00 to C$13.00 in a report on Thursday, July 7th. Royal Bank of Canada dropped their price objective on shares of Ivanhoe Mines from C$14.00 to C$12.00 in a research note on Tuesday, August 16th. Finally, Canaccord Genuity Group dropped their price objective on shares of Ivanhoe Mines from C$16.00 to C$11.00 in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.13.

Ivanhoe Mines Stock Down 7.6 %

The business’s 50 day moving average is $6.37 and its 200-day moving average is $7.33.

Ivanhoe Mines Company Profile

(Get Rating)

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located 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.

Further Reading

Receive News & Ratings for Ivanhoe Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ivanhoe Mines and related companies with MarketBeat.com's FREE daily email newsletter.