Ivanhoe Mines (TSE:IVN) PT Raised to C$21.00 at Bank of America

Ivanhoe Mines (TSE:IVN - Get Free Report) had its price objective raised by Bank of America from C$15.50 to C$21.00 in a research report issued on Tuesday, BayStreet.CA reports. Bank of America's target price indicates a potential upside of 17.85% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Raymond James lifted their target price on shares of Ivanhoe Mines from C$18.00 to C$19.00 in a research report on Wednesday, March 20th. 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 on the stock in a research report on Friday, January 12th. Finally, TD Securities lifted their target price on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$16.44.

Ivanhoe Mines Price Performance

Shares of Ivanhoe Mines stock traded up C$0.56 on Tuesday, hitting C$17.82. 3,427,410 shares of the company traded hands, compared to its average volume of 1,814,416. The firm's 50-day simple moving average is C$15.02 and its 200 day simple moving average is C$13.01. 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 company has a market cap of C$22.63 billion, a P/E ratio of 49.50 and a beta of 2.00. Ivanhoe Mines has a 12-month low of C$9.89 and a 12-month high of C$18.04.

Ivanhoe Mines (TSE:IVN - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.05). Analysts expect that Ivanhoe Mines will post 0.5392413 earnings per share for the current fiscal year.

Insider Buying and Selling at Ivanhoe Mines

In other Ivanhoe Mines news, Senior Officer Stephen Ralph Amos sold 2,489 shares of the business's stock in a transaction dated Saturday, January 20th. The shares were sold at an average price of C$13.24, for a total value of C$32,941.92. In other news, Senior Officer Stephen Ralph Amos sold 2,489 shares of Ivanhoe Mines stock in a transaction dated Saturday, January 20th. The shares were sold at an average price of C$13.24, for a total transaction of C$32,941.92. Also, Director Setha Patricia Makhesha sold 3,295 shares of Ivanhoe Mines stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total transaction of C$47,102.03. Over the last quarter, insiders have sold 10,784 shares of company stock worth $157,394. 50.86% of the stock is currently owned by company 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.