Ivanhoe Mines Ltd (IVN) Set to Announce Quarterly Earnings on Thursday
Ivanhoe Mines Ltd (TSE:IVN) will release its earnings data before the market opens on Thursday, August 10th.
Shares of Ivanhoe Mines Ltd (IVN) opened at 4.76 on Tuesday. Ivanhoe Mines Ltd has a 52-week low of $1.38 and a 52-week high of $5.47. The firm’s market cap is $3.74 billion. The firm has a 50-day moving average of $4.36 and a 200 day moving average of $4.39.
Separately, Royal Bank Of Canada boosted their target price 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$5.39.
In other news, Director Louis Kabamba Watum sold 29,700 shares of the company’s stock in a transaction that occurred on 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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About Ivanhoe Mines
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious gems located primarily in Africa. The company explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, germanium, and lead deposits. Its principal projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; Kamoa-Kakula project located within the Central African Copperbelt in the Democratic Republic of Congo (DRC); and the Kipushi project located on the DRCs Copperbelt.
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