Jefferies Financial Group set a C$25.00 target price on Ivanhoe Mines (TSE:IVN – Free Report) in a research note published on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
A number of other research firms have also weighed in on IVN. Raymond James raised their price target on shares of Ivanhoe Mines from C$19.00 to C$21.00 in a research report on Tuesday, April 23rd. Royal Bank of Canada increased 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, May 1st. Canaccord Genuity Group boosted their price objective on Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. TD Securities lifted their target price on Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a buy rating in a research note on Wednesday, February 28th. Finally, Scotiabank increased 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 report on Wednesday, May 1st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of Buy and an average target price of C$22.17.
View Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Price Performance
Ivanhoe Mines (TSE:IVN – Get Free Report) last announced 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). As a group, research analysts anticipate that Ivanhoe Mines will post 0.4702621 earnings per share for the current fiscal year.
Insider Activity at Ivanhoe Mines
In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total transaction of C$47,102.03. In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total transaction of C$47,102.03. Also, Senior Officer Mary Vincelli sold 5,000 shares of the firm’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. 50.85% of the stock is currently owned by company 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.
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