Ivanhoe Mines (TSE:IVN – Free Report) had its price target boosted by BMO Capital Markets from C$18.00 to C$22.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other equities research analysts have also weighed in on IVN. Scotiabank boosted their target price on Ivanhoe Mines from C$18.00 to C$19.00 and gave the stock an outperform rating in a report on Wednesday. Bank of America upped their price objective on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a report on Tuesday, April 9th. Eight Capital lifted their target price on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a report on Monday, April 22nd. TD Securities upped their price target on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a buy rating in a report on Wednesday, February 28th. Finally, Royal Bank of Canada raised their price target on Ivanhoe Mines from C$19.00 to C$22.00 and gave the company an outperform rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of C$22.17.
Read Our Latest Stock Analysis on Ivanhoe Mines
Ivanhoe Mines Stock Up 1.9 %
Ivanhoe Mines (TSE:IVN – Get Free Report) last posted its earnings results on Monday, February 26th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.05). Sell-side analysts anticipate that Ivanhoe Mines will post 0.4702621 EPS for the current fiscal year.
Insider Transactions at Ivanhoe Mines
In related news, Senior Officer Mary Vincelli sold 5,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total value of C$77,350.00. In related news, Senior Officer Mary Vincelli sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total value of C$77,350.00. Also, Director Setha Patricia Makhesha sold 3,295 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total value of C$47,102.03. Insiders own 50.85% of the company’s stock.
Ivanhoe Mines Company Profile
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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