Ivanhoe Mines Ltd (IVN) Price Target Increased to C$5.50 by Analysts at CIBC
Separately, BMO Capital Markets boosted their price target on Ivanhoe Mines from C$7.00 to C$8.00 and gave the company an outperform rating in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of C$6.79.
Ivanhoe Mines (IVN) opened at C$4.51 on Monday. Ivanhoe Mines has a 12 month low of C$2.25 and a 12 month high of C$5.47.
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In other news, Director Setha Patricia Makhesha sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of C$4.21, for a total value of C$105,250.00. Also, Director Matthieu Bos sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of C$4.53, for a total value of C$31,710.00. Over the last quarter, insiders sold 56,500 shares of company stock worth $245,297.
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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