Scotiabank Raises Ivanhoe Mines (TSE:IVN) Price Target to C$16.00

Ivanhoe Mines (TSE:IVN – Get Rating) had its price target upped by Scotiabank from C$14.50 to C$16.00 in a research report released on Tuesday, BayStreet.CA reports.

Separately, Raymond James boosted their price target on Ivanhoe Mines from C$13.00 to C$14.00 and gave the company an outperform rating in a report on Tuesday, January 31st.

Ivanhoe Mines Trading Up 3.9 %

Shares of IVN stock opened at C$11.59 on Tuesday. The firm has a market cap of C$14.02 billion, a P/E ratio of 25.76 and a beta of 1.95. The business has a 50-day moving average price of C$11.91 and a two-hundred day moving average price of C$10.64. The company has a quick ratio of 20.86, a current ratio of 21.86 and a debt-to-equity ratio of 18.52. Ivanhoe Mines has a 12-month low of C$6.41 and a 12-month high of C$12.75.

Insider Transactions at Ivanhoe Mines

In related news, Director Louis Kabamba Watum sold 2,080 shares of the company’s stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of C$12.34, for a total value of C$25,667.20. Following the transaction, the director now directly owns 14,177 shares of the company’s stock, valued at approximately C$174,944.18. Insiders own 53.09% of the company’s stock.

Ivanhoe Mines Company Profile

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Ivanhoe Mines Ltd. engages in the exploration, development, and recovery 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.