Ivanhoe Mines (TSE:IVN – Free Report) had its target price raised by Eight Capital from C$19.00 to C$30.00 in a report issued on Monday morning, BayStreet.CA reports.
IVN has been the topic of several other research reports. Canaccord Genuity Group increased their target price on shares of Ivanhoe Mines from C$16.00 to C$21.00 in a report on Wednesday, April 17th. TD Securities increased their target price on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a buy rating in a report on Wednesday, February 28th. Bank of America increased their target price on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a report on Tuesday, April 9th. Finally, Raymond James increased their price target on shares of Ivanhoe Mines from C$18.00 to C$19.00 in a research report on Wednesday, March 20th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of C$19.94.
View Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Price Performance
Ivanhoe Mines (TSE:IVN – Get Free Report) last released its earnings results on Monday, February 26th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.05). Research analysts predict that Ivanhoe Mines will post 0.5149972 earnings per share for the current year.
Insider Buying and Selling at Ivanhoe Mines
In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total transaction of C$77,350.00. In other news, Director Setha Patricia Makhesha sold 3,295 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were 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 firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total transaction of C$77,350.00. 50.86% of the stock is currently owned by corporate 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.
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