Ivanhoe Mines (TSE:IVN - Free Report) had its target price hoisted by Canaccord Genuity Group from C$16.00 to C$21.00 in a research report released on Wednesday morning, BayStreet.CA reports.
A number of other research analysts also recently issued reports on IVN. Raymond James boosted their price target on Ivanhoe Mines from C$18.00 to C$19.00 in a report on Wednesday, March 20th. Bank of America boosted their price target on Ivanhoe Mines from C$15.50 to C$21.00 in a report on Tuesday, April 9th. Finally, TD Securities boosted their price target on Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a buy rating in a report on Wednesday, February 28th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of C$18.31.
Get Our Latest Research Report on IVN
Ivanhoe Mines Trading Up 2.2 %
Shares of IVN traded up C$0.41 during trading hours on Wednesday, hitting C$19.33. The company had a trading volume of 3,850,435 shares, compared to its average volume of 1,908,974. The firm has a market cap of C$24.55 billion, a P/E ratio of 53.69 and a beta of 2.00. The stock's 50 day moving average price is C$15.63 and its 200 day moving average price is C$13.34. The company has a quick ratio of 20.86, a current ratio of 3.28 and a debt-to-equity ratio of 18.08. Ivanhoe Mines has a 52-week low of C$9.89 and a 52-week high of C$19.63.
Ivanhoe Mines (TSE:IVN - Get Free Report) last released 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). On average, research analysts predict that Ivanhoe Mines will post 0.5149972 EPS for the current year.
Insiders Place Their Bets
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 stock was 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 the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total transaction of C$47,102.03. Also, Senior Officer Mary Vincelli sold 5,000 shares of the company's 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 value of C$77,350.00. In the last quarter, insiders have sold 10,784 shares of company stock worth $157,394. Company insiders own 50.86% of the company's stock.
Ivanhoe Mines Company Profile
(
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.
Featured Stories
Before you consider Ivanhoe Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ivanhoe Mines wasn't on the list.
While Ivanhoe Mines currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
