Ivanhoe Mines Ltd (IVN) to Release Earnings on Wednesday
Ivanhoe Mines Ltd (TSE:IVN) will be releasing its earnings data before the market opens on Wednesday, March 22nd. Analysts expect Ivanhoe Mines to post earnings of ($0.01) per share for the quarter.
Shares of Ivanhoe Mines Ltd (TSE:IVN) opened at 4.30 on Tuesday. The firm has a market capitalization of $3.35 billion and a PE ratio of 4.74. Ivanhoe Mines Ltd has a 12 month low of $0.78 and a 12 month high of $5.11. The stock’s 50 day moving average price is $4.29 and its 200-day moving average price is $2.96.
Several equities research analysts have recently issued reports on IVN shares. BMO Capital Markets raised their price target on Ivanhoe Mines from C$3.25 to C$5.75 in a research report on Tuesday, December 20th. Canaccord Genuity raised their price target on Ivanhoe Mines from C$3.50 to C$4.75 in a research report on Wednesday, December 14th. Paradigm Capital raised their price target on Ivanhoe Mines from C$1.25 to C$5.00 in a research report on Wednesday, March 15th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Ivanhoe Mines in a research report on Monday, November 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a C$10.00 price target on shares of Ivanhoe Mines in a research report on Friday, December 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$5.38.
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In related news, Director Martie Cloete sold 27,500 shares of Ivanhoe Mines stock in a transaction dated Friday, February 24th. The stock was sold at an average price of C$4.30, for a total transaction of C$118,250.00. Also, insider Mark Sean Farren sold 89,316 shares of Ivanhoe Mines stock in a transaction dated Friday, February 24th. The stock was sold at an average price of C$4.32, for a total value of C$385,845.12. Over the last three months, insiders have sold 166,879 shares of company stock worth $715,463.
About Ivanhoe Mines
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.
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