Shares of Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$19.00 and last traded at C$18.92, with a volume of 3404224 shares trading hands. The stock had previously closed at C$18.95.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on IVN shares. Canaccord Genuity Group cut their price objective on shares of Ivanhoe Mines from C$6.50 to C$6.00 and set a "buy" rating on the stock in a report on Friday, January 12th. 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. Bank of America lifted their price target on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a report on Tuesday, April 9th. Finally, Raymond James lifted their price target on shares of Ivanhoe Mines from C$18.00 to C$19.00 in a report on Wednesday, March 20th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ivanhoe Mines currently has an average rating of "Buy" and a consensus price target of C$16.44.
View Our Latest Report on IVN
Ivanhoe Mines Stock Down 0.2 %
The company's 50 day moving average price is C$15.53 and its 200 day moving average price is C$13.30. The company has a quick ratio of 20.86, a current ratio of 3.28 and a debt-to-equity ratio of 18.08. The firm has a market capitalization of C$24.03 billion, a price-to-earnings ratio of 52.56 and a beta of 2.00.
Ivanhoe Mines (TSE:IVN - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.05). As a group, research analysts forecast that Ivanhoe Mines Ltd. will post 0.5149972 earnings per share for the current fiscal year.
Insider Activity at Ivanhoe Mines
In related news, Senior Officer Mary Vincelli sold 5,000 shares of the business's 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, Director Setha Patricia Makhesha sold 3,295 shares of Ivanhoe Mines stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total value of C$47,102.03. Also, 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. Insiders sold 10,784 shares of company stock worth $157,394 over the last three months. 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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