Ivanhoe Mines (TSE:IVN – Get Free Report) had its price target upped by stock analysts at Canaccord Genuity Group from C$16.00 to C$21.00 in a research report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 8.64% from the company’s current price.
A number of other research firms have also recently commented on IVN. Raymond James upped their price objective on Ivanhoe Mines from C$18.00 to C$19.00 in a research report on Wednesday, March 20th. TD Securities increased their price objective on shares of 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, Bank of America boosted their target price on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$18.31.
Get Our Latest Stock Analysis on IVN
Ivanhoe Mines Stock Up 2.2 %
Ivanhoe Mines (TSE:IVN – Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.05). On average, analysts expect that Ivanhoe Mines will post 0.5149972 EPS for the current fiscal year.
Insider Buying and Selling
In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 5,000 shares of the company’s 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 related news, Senior Officer Mary Vincelli sold 5,000 shares of the stock in a transaction that occurred 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, Senior Officer Stephen Ralph Amos sold 2,489 shares of the firm’s stock in a transaction on Saturday, January 20th. The shares were sold at an average price of C$13.24, for a total transaction of C$32,941.92. In the last ninety days, insiders sold 10,784 shares of company stock valued at $157,394. 50.86% of the stock is 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.
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