Ivanhoe Mines (TSE:IVN) Price Target Raised to C$22.00

Ivanhoe Mines (TSE:IVN) had its price target raised by Canaccord Genuity Group from C$21.00 to C$22.00 in a research report report published on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Bank of America raised their target price on Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. Eight Capital raised their price objective on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a report on Monday, April 22nd. Royal Bank of Canada boosted their target price 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. Raymond James raised their price target on shares of Ivanhoe Mines from C$19.00 to C$21.00 in a research note on Tuesday, April 23rd. Finally, TD Securities lifted their price target on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a buy rating in a report on Wednesday, February 28th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of Buy and an average price target of C$22.17.

Ivanhoe Mines Trading Up 1.9 %

Shares of IVN stock opened at C$19.06 on Wednesday. The company has a debt-to-equity ratio of 18.08, a quick ratio of 20.86 and a current ratio of 3.28. The company has a market capitalization of C$24.21 billion, a price-to-earnings ratio of 52.94 and a beta of 2.01. Ivanhoe Mines has a 52-week low of C$9.89 and a 52-week high of C$20.66. The company has a 50-day simple moving average of C$16.78 and a two-hundred day simple moving average 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). Research analysts anticipate that Ivanhoe Mines will post 0.4702621 EPS for the current fiscal year.

Insider Activity at Ivanhoe Mines

In related news, Senior Officer Mary Vincelli sold 5,000 shares of Ivanhoe Mines stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total value of C$77,350.00. In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was 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 firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total value of C$47,102.03. 50.85% 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.