Ivanhoe Mines (TSE:IVN – Get Free Report) had its target price upped by equities research analysts at Scotiabank from C$18.00 to C$19.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 1.55% from the company’s current price.
A number of other equities research analysts also recently issued reports on IVN. Bank of America upped their price target on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a research note on Tuesday, April 9th. TD Securities lifted their price target on Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Royal Bank of Canada raised their price objective on Ivanhoe Mines from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday. Raymond James raised their price target on Ivanhoe Mines from C$19.00 to C$21.00 in a research report on Tuesday, April 23rd. Finally, Eight Capital boosted their price objective on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday, April 22nd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$21.81.
View Our Latest Report on Ivanhoe Mines
Ivanhoe Mines Stock Up 0.6 %
Ivanhoe Mines (TSE:IVN – Get Free Report) last posted its earnings results on Monday, February 26th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.05). Research analysts expect that Ivanhoe Mines will post 0.4702621 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Setha Patricia Makhesha sold 3,295 shares of Ivanhoe Mines stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total value of C$47,102.03. In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was 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 Ivanhoe Mines stock in a transaction 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. Company insiders own 50.85% of the company’s stock.
About Ivanhoe Mines
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.
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