Jefferies Financial Group Analysts Give Ivanhoe Mines (TSE:IVN) a C$25.00 Price Target

Ivanhoe Mines (TSE:IVN) received a C$25.00 target price from research analysts at Jefferies Financial Group in a report released on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 31.16% from the company’s previous close.

IVN has been the topic of a number of other research reports. Raymond James upped their target price on shares of Ivanhoe Mines from C$19.00 to C$21.00 in a report on Tuesday, April 23rd. TD Securities upped their target price on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a “buy” rating in a report on Wednesday, February 28th. BMO Capital Markets upped their target price on shares of Ivanhoe Mines from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday. Canaccord Genuity Group increased their price target on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their price target on shares of Ivanhoe Mines from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$22.17.

Ivanhoe Mines Stock Performance

Shares of IVN stock opened at C$19.06 on Friday. The stock has a market capitalization of C$24.21 billion, a P/E ratio of 52.94 and a beta of 2.01. The company has a current ratio of 3.28, a quick ratio of 20.86 and a debt-to-equity ratio of 18.08. The firm’s 50 day moving average is C$16.78 and its 200 day moving average is C$14.01. Ivanhoe Mines has a 12 month low of C$9.89 and a 12 month high of C$20.66.

Ivanhoe Mines (TSE:IVN) last posted its earnings results on Monday, February 26th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.05). On average, sell-side analysts anticipate that Ivanhoe Mines will post 0.4702621 earnings per share for the current year.

Insider Activity at Ivanhoe Mines

In related 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 Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the 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. 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. 50.85% of the stock is owned by 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.