Ivanhoe Mines (TSE:IVN) PT Raised to C$21.00

Ivanhoe Mines (TSE:IVN) had its price target boosted by Raymond James from C$19.00 to C$21.00 in a report published on Tuesday morning, BayStreet.CA reports.

Other analysts have also issued research reports about the stock. Eight Capital boosted their price target on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday. Canaccord Genuity Group boosted their price objective on shares of Ivanhoe Mines from C$16.00 to C$21.00 in a research note on Wednesday, April 17th. TD Securities boosted their price objective on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a buy rating in a research note on Wednesday, February 28th. Finally, Bank of America boosted their price objective on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a research note on Tuesday, April 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Ivanhoe Mines has a consensus rating of Buy and an average target price of C$19.94.

Ivanhoe Mines Stock Performance

TSE IVN opened at C$18.14 on Tuesday. The company’s 50 day moving average is C$16.01 and its 200-day moving average is C$13.58. Ivanhoe Mines has a 12-month low of C$9.89 and a 12-month high of C$19.99. The company has a quick ratio of 20.86, a current ratio of 3.28 and a debt-to-equity ratio of 18.08. The firm has a market cap of C$23.04 billion, a P/E ratio of 50.39 and a beta of 2.00.

Ivanhoe Mines (TSE:IVN) last posted its quarterly 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). Sell-side analysts predict that Ivanhoe Mines will post 0.5149972 earnings per share for the current year.

Insiders Place Their Bets

In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of the business’s stock in a transaction that occurred 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 news, Director Setha Patricia Makhesha sold 3,295 shares of the company’s stock in a transaction on 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 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 transaction of C$77,350.00. Corporate insiders own 50.86% of the company’s stock.

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.