Ivanhoe Mines (TSE:IVN – Get Free Report) had its target price raised by Raymond James from C$19.00 to C$21.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 14.38% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group upped their price target on Ivanhoe Mines from C$16.00 to C$21.00 in a research note on Wednesday, April 17th. Eight Capital upped their price target on Ivanhoe Mines from C$19.00 to C$30.00 in a research note on Monday. TD Securities upped their price target on Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Bank of America upped their price target on Ivanhoe Mines from C$15.50 to C$21.00 in a research note on Tuesday, April 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$19.94.
Get Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Stock Performance
Ivanhoe Mines (TSE:IVN – Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.05). As a group, research analysts forecast that Ivanhoe Mines will post 0.5149972 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total value of C$77,350.00. In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total value of C$47,102.03. Also, Senior Officer Mary Vincelli sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total value of C$77,350.00. 50.86% of the stock is currently 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.
See Also
- Five stocks we like better than Ivanhoe Mines
- 10 Best Airline Stocks to Buy
- Charles Schwab Fortifies its Uptrend on EPS Beat
- Bank Stocks – Best Bank Stocks to Invest In
- Lockheed Martin Stock Aims for a Fresh All-Time High
- Why Invest in High-Yield Dividend Stocks?
- Beyond the Halving: The Future of Bitcoin Mining Stocks
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.