Ivanhoe Mines (TSE:IVN – Get Free Report) had its target price upped by research analysts at TD Securities from C$23.00 to C$25.00 in a research note issued to investors on Monday, BayStreet.CA reports. TD Securities’ price target points to a potential upside of 33.69% from the stock’s current price.
Several other brokerages have also issued reports on IVN. Bank of America boosted their price target on Ivanhoe Mines from C$15.50 to C$21.00 in a research note on Tuesday, April 9th. Jefferies Financial Group boosted their price target on Ivanhoe Mines from C$25.00 to C$26.00 in a research note on Friday, July 12th. Canaccord Genuity Group boosted their price target on Ivanhoe Mines from C$22.00 to C$24.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Raymond James boosted their price target on Ivanhoe Mines from C$21.00 to C$24.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, Royal Bank of Canada boosted their price target on Ivanhoe Mines from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$24.20.
View Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Stock Performance
Ivanhoe Mines (TSE:IVN – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). As a group, equities research analysts predict that Ivanhoe Mines will post 0.4653228 earnings per share for the current year.
Insider Buying and Selling at Ivanhoe Mines
In other Ivanhoe Mines news, insider CITIC Metal Africa Investments Limited sold 11,810,800 shares of Ivanhoe Mines stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$17.41, for a total transaction of C$205,626,028.00. In related news, Senior Officer Mary Vincelli sold 3,600 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$17.96, for a total transaction of C$64,639.80. Also, insider CITIC Metal Africa Investments Limited sold 11,810,800 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$17.41, for a total value of C$205,626,028.00. Over the last ninety days, insiders have sold 12,064,614 shares of company stock valued at $210,024,706. 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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