Ivanhoe Mines (TSE:IVN) PT Set at C$25.00 by Jefferies Financial Group

Ivanhoe Mines (TSE:IVN) has been assigned a C$25.00 target price by equities researchers at Jefferies Financial Group in a report released on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 31.16% from the company’s current price.

Several other research firms also recently weighed in on IVN. Scotiabank lifted their price target on shares of Ivanhoe Mines from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price target on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of Ivanhoe Mines from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday. Eight Capital lifted their price target on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a research note on Monday, April 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Ivanhoe Mines from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$22.17.

Ivanhoe Mines Trading Up 1.9 %

IVN stock traded up C$0.35 during midday trading on Friday, hitting C$19.06. The stock had a trading volume of 2,298,254 shares, compared to its average volume of 2,350,382. The firm has a market cap of C$24.21 billion, a P/E ratio of 52.94 and a beta of 2.01. The company has a current ratio of 3.28, a quick ratio of 20.86 and a debt-to-equity ratio of 18.08. Ivanhoe Mines has a 1-year low of C$9.89 and a 1-year high of C$20.66. The business has a fifty day moving average price of C$16.78 and a two-hundred day moving average price of C$13.99.

Ivanhoe Mines (TSE:IVN) last released its earnings results on Monday, February 26th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.05). On average, sell-side analysts predict that Ivanhoe Mines will post 0.4702621 earnings per share for the current fiscal year.

Insider Transactions at Ivanhoe Mines

In related news, Senior Officer Mary Vincelli sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total transaction of C$77,350.00. In related news, Senior Officer Mary Vincelli sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total transaction of C$77,350.00. Also, Director Setha Patricia Makhesha sold 3,295 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total transaction of C$47,102.03. 50.85% of the stock is currently owned by insiders.

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.