Ivanhoe Mines Ltd (IVN) Price Target Increased to C$5.00 by Analysts at Paradigm Capital
IVN has been the subject of a number of other reports. Sanford C. Bernstein restated an outperform rating and set a C$10.00 price objective on shares of Ivanhoe Mines in a research note on Friday, December 9th. Royal Bank of Canada restated an outperform rating on shares of Ivanhoe Mines in a research note on Wednesday, December 14th. Canaccord Genuity restated a speculative buy rating and set a C$3.50 price objective on shares of Ivanhoe Mines in a research note on Friday, November 25th. CIBC began coverage on shares of Ivanhoe Mines in a research note on Friday, December 2nd. They set a sector outperform rating and a C$3.25 price objective for the company. Finally, BMO Capital Markets increased their price objective on shares of Ivanhoe Mines from C$3.25 to C$5.75 in a research note on Tuesday, December 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$5.38.
Shares of Ivanhoe Mines (TSE:IVN) opened at 4.30 on Wednesday. The firm has a 50-day moving average price of $4.29 and a 200 day moving average price of $2.96. The stock has a market cap of $3.35 billion and a price-to-earnings ratio of 4.74. Ivanhoe Mines has a 52-week low of $0.78 and a 52-week high of $5.11.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/21/ivanhoe-mines-ltd-ivn-price-target-increased-to-c5-00-by-analysts-at-paradigm-capital.html
Your IP Address:
In related news, Director Martie Cloete sold 27,500 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of C$4.30, for a total value of C$118,250.00. Also, insider Mark Sean Farren sold 89,316 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of C$4.32, for a total transaction of C$385,845.12. Insiders sold a total of 166,879 shares of company stock valued at $715,463 over the last quarter.
Ivanhoe Mines Company Profile
Ivanhoe Mines Ltd. is a mineral exploration and development company. The Company focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has four segments: the Platreef property, the Kamoa property and joint venture, the Kipushi property and treasury. The segments are engaged in the exploration and development of mineral properties in South Africa, the Democratic Republic of Congo (DRC) and the restoration of a mine in the DRC, respectively.
Receive News & Ratings for Ivanhoe Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ivanhoe Mines Ltd and related companies with MarketBeat.com's FREE daily email newsletter.