Shares of Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$16.56 and last traded at C$16.50, with a volume of 1148224 shares trading hands. The stock had previously closed at C$16.16.
Analysts Set New Price Targets
IVN has been the subject of several analyst reports. Canaccord Genuity Group decreased their target price on shares of Ivanhoe Mines from C$6.50 to C$6.00 and set a "buy" rating for the company in a research note on Friday, January 12th. Raymond James upped 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, TD Securities increased their price objective 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$15.79.
Get Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Stock Up 2.0 %
The company has a current ratio of 3.28, a quick ratio of 20.86 and a debt-to-equity ratio of 18.08. The stock has a market capitalization of C$20.94 billion, a P/E ratio of 45.81 and a beta of 2.00. The stock's 50 day simple moving average is C$14.79 and its 200 day simple moving average is C$12.84.
Ivanhoe Mines (TSE:IVN - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C$0.03 earnings per share for the quarter, missing analysts' consensus estimates of C$0.08 by C($0.05). As a group, research analysts predict that Ivanhoe Mines Ltd. will post 0.5392413 EPS for the current fiscal year.
Insiders Place Their Bets
In other Ivanhoe Mines news, Senior Officer Stephen Ralph Amos sold 2,489 shares of the 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 related news, Senior Officer Mary Vincelli sold 5,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total value of C$77,350.00. Also, Senior Officer Stephen Ralph Amos sold 2,489 shares of the stock in a transaction dated Saturday, January 20th. The stock was sold at an average price of C$13.24, for a total transaction of C$32,941.92. Over the last three months, insiders have sold 10,784 shares of company stock valued at $157,394. Company insiders own 50.86% of the company's stock.
About Ivanhoe Mines
(
Get Free Report)
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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