Ivanhoe Mines (TSE:IVN) Price Target Raised to C$25.00 at TD Securities

Ivanhoe Mines (TSE:IVN) had its price objective upped by TD Securities from C$23.00 to C$25.00 in a report published on Monday morning, BayStreet.CA reports.

Other analysts have also issued reports about the company. Eight Capital raised their target price on Ivanhoe Mines from C$19.00 to C$30.00 in a report on Monday, April 22nd. Bank of America raised their target price on Ivanhoe Mines from C$15.50 to C$21.00 in a report on Tuesday, April 9th. Raymond James raised their target price on Ivanhoe Mines from C$21.00 to C$24.00 and gave the stock an outperform rating in a report on Thursday, May 23rd. Scotiabank increased their price target on Ivanhoe Mines from C$19.00 to C$23.00 and gave the stock an outperform rating in a research report on Thursday, May 30th. Finally, Canaccord Genuity Group increased their price target on Ivanhoe Mines from C$22.00 to C$24.00 and gave the stock a buy rating in a research report on Monday, May 13th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and a consensus price target of C$24.20.

Ivanhoe Mines Stock Up 1.1 %

Shares of IVN opened at C$17.86 on Monday. The company has a market capitalization of C$22.68 billion, a price-to-earnings ratio of 94.00 and a beta of 1.98. Ivanhoe Mines has a 52 week low of C$9.89 and a 52 week high of C$21.32. The stock’s 50-day moving average price is C$18.67 and its 200-day moving average price is C$16.95. The company has a quick ratio of 20.86, a current ratio of 0.42 and a debt-to-equity ratio of 18.77.

Ivanhoe Mines (TSE:IVN) last posted its earnings results on Tuesday, April 30th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.06). On average, sell-side analysts predict that Ivanhoe Mines will post 0.4653228 EPS for the current year.

Insider Activity

In other news, Senior Officer Mary Vincelli sold 3,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$17.96, for a total value of C$64,639.80. In other news, Senior Officer Mary Vincelli sold 3,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$17.96, for a total value of C$64,639.80. Also, Director Delphine Traoré bought 5,704 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was purchased at an average price of C$17.40 per share, for a total transaction of C$99,249.60. Insiders have sold a total of 12,064,614 shares of company stock worth $210,024,706 over the last quarter. 50.86% of the stock is currently owned by corporate insiders.

About Ivanhoe Mines

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.