Ivanhoe Mines (TSE:IVN – Free Report) had its price objective boosted by Canaccord Genuity Group from C$24.00 to C$25.00 in a research note issued to investors on Monday, BayStreet.CA reports.
A number of other research analysts also recently weighed in on IVN. TD Securities raised their target price on shares of Ivanhoe Mines from C$23.00 to C$25.00 in a research report on Monday. Royal Bank of Canada lifted their price objective on shares of Ivanhoe Mines from C$19.00 to C$22.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Jefferies Financial Group lifted their price objective on shares of Ivanhoe Mines from C$25.00 to C$26.00 in a research report on Friday, July 12th. Eight Capital lifted their price objective on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday, April 22nd. Finally, BMO Capital Markets lifted their price objective on shares of Ivanhoe Mines from C$18.00 to C$22.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of C$24.20.
Read Our Latest Research Report on IVN
Ivanhoe Mines Stock Up 1.1 %
Ivanhoe Mines (TSE:IVN – Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). Research analysts anticipate that Ivanhoe Mines will post 0.4653228 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider CITIC Metal Africa Investments Limited sold 248,314 shares of Ivanhoe Mines stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$17.32, for a total transaction of C$4,300,723.99. In other Ivanhoe Mines news, insider CITIC Metal Africa Investments Limited sold 248,314 shares of Ivanhoe Mines stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$17.32, for a total value of C$4,300,723.99. Also, Director Delphine TraorĂ© acquired 5,704 shares of the company’s stock in a transaction on Monday, June 17th. The stock was acquired at an average price of C$17.40 per share, with a total value of C$99,249.60. In the last 90 days, insiders sold 12,064,614 shares of company stock valued at $210,024,706. Company insiders own 50.86% 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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