Ivanhoe Mines Ltd. (TSE:IVN – Get Free Report) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$15.36.
IVN has been the topic of several analyst reports. Canaccord Genuity Group lowered their target price on Ivanhoe Mines from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research report on Friday, January 12th. TD Securities decreased their price target on Ivanhoe Mines from C$16.50 to C$15.50 and set a “buy” rating on the stock in a report on Tuesday, November 21st. Finally, BMO Capital Markets lifted their target price on Ivanhoe Mines from C$17.00 to C$18.00 in a report on Wednesday, November 29th.
Ivanhoe Mines Stock Performance
Insiders Place Their Bets
In related news, Senior Officer Stephen Ralph Amos sold 2,489 shares of Ivanhoe Mines stock in a transaction dated Saturday, January 20th. The stock was sold at an average price of C$13.24, for a total value of C$32,941.92. 50.89% of the stock is owned by insiders.
Ivanhoe Mines Company Profile
Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals located 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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