Ivanhoe Mines (TSE:IVN – Free Report) had its price target upped by Canaccord Genuity Group from C$21.00 to C$22.00 in a report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.
IVN has been the topic of several other reports. Bank of America raised their target price on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. Scotiabank raised their target price on shares of Ivanhoe Mines from C$18.00 to C$19.00 and gave the stock an outperform rating in a research report on Wednesday. Eight Capital lifted their price target on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday, April 22nd. TD Securities lifted their price target on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a buy rating in a research report on Wednesday, February 28th. Finally, Raymond James lifted their price target on shares of Ivanhoe Mines from C$19.00 to C$21.00 in a research report on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of C$22.17.
Read Our Latest Research Report on IVN
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 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.05). Equities analysts predict that Ivanhoe Mines will post 0.4702621 earnings per share for the current year.
Insider Buying and Selling
In related news, Senior Officer Mary Vincelli sold 5,000 shares of Ivanhoe Mines 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. In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of Ivanhoe Mines 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. Also, Director Setha Patricia Makhesha sold 3,295 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total transaction of C$47,102.03. Insiders own 50.85% of the company’s stock.
About Ivanhoe Mines
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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