Ivanhoe Mines (TSE:IVN – Get Free Report) had its price objective hoisted by Jefferies Financial Group from C$25.00 to C$26.00 in a note issued to investors on Friday, BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential upside of 30.85% from the company’s previous close.
Several other equities research analysts also recently issued reports on IVN. Royal Bank of Canada raised their price target on Ivanhoe Mines from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Eight Capital raised their price target on Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday, April 22nd. Bank of America raised their price target on Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. Canaccord Genuity Group raised their price target on Ivanhoe Mines from C$22.00 to C$24.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Raymond James raised their price target on Ivanhoe Mines from C$21.00 to C$24.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$23.35.
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Ivanhoe Mines Stock Up 2.2 %
Ivanhoe Mines (TSE:IVN – Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.06). As a group, analysts anticipate that Ivanhoe Mines will post 0.4653228 EPS for the current fiscal year.
Insiders Place Their Bets
In other Ivanhoe Mines news, insider CITIC Metal Africa Investments Limited sold 248,314 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$17.32, for a total transaction of C$4,300,723.99. In other Ivanhoe Mines news, insider CITIC Metal Africa Investments Limited sold 248,314 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$17.32, for a total transaction of C$4,300,723.99. Also, Senior Officer Mary Vincelli sold 3,600 shares of Ivanhoe Mines stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$17.96, for a total transaction of C$64,639.80. Insiders sold a total of 12,064,614 shares of company stock worth $210,024,706 over the last quarter. Company insiders own 50.86% 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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