Ivanhoe Mines (TSE:IVN) Given New C$30.00 Price Target at Eight Capital

Ivanhoe Mines (TSE:IVN) had its price objective boosted by Eight Capital from C$19.00 to C$30.00 in a research report report published on Monday, BayStreet.CA reports.

A number of other brokerages have also recently commented on IVN. Bank of America raised their price target on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a research note on Tuesday, April 9th. TD Securities lifted their target price on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a buy rating in a research note on Wednesday, February 28th. Raymond James lifted their target price on shares of Ivanhoe Mines from C$18.00 to C$19.00 in a research note on Wednesday, March 20th. Finally, Canaccord Genuity Group lifted their target price on shares of Ivanhoe Mines from C$16.00 to C$21.00 in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and an average target price of C$19.69.

Ivanhoe Mines Stock Down 0.9 %

IVN stock opened at C$19.03 on Monday. The company has a market cap of C$24.17 billion, a PE ratio of 52.86 and a beta of 2.00. The company has a quick ratio of 20.86, a current ratio of 3.28 and a debt-to-equity ratio of 18.08. Ivanhoe Mines has a twelve month low of C$9.89 and a twelve month high of C$19.99. The business’s 50-day simple moving average is C$15.93 and its 200 day simple moving average is C$13.53.

Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.05). On average, research analysts anticipate that Ivanhoe Mines will post 0.5149972 earnings per share for the current year.

Insider Buying and Selling

In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of Ivanhoe Mines stock in a transaction on 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 other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of Ivanhoe Mines stock in a transaction on 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 Ivanhoe Mines 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. 50.86% of the stock is currently owned by corporate 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.