Ivanhoe Mines Ltd (TSE:IVN) Set to Announce Earnings on Thursday
Ivanhoe Mines Ltd (TSE:IVN) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 10th.
Ivanhoe Mines Ltd (TSE:IVN) opened at 4.72 on Thursday. Ivanhoe Mines Ltd has a one year low of $1.10 and a one year high of $5.47. The company has a 50-day moving average price of $4.36 and a 200-day moving average price of $4.39. The stock’s market cap is $3.71 billion.
In other news, Director Louis Kabamba Watum sold 29,700 shares of Ivanhoe Mines stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of C$3.99, for a total value of C$118,503.00.
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Separately, Royal Bank Of Canada lifted their price objective on Ivanhoe Mines from C$4.25 to C$5.50 and gave the stock an “outperform” rating in a research note on Tuesday, June 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$5.39.
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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