Ivanhoe Mines (TSE:IVN) PT Raised to C$21.00 at Raymond James

Ivanhoe Mines (TSE:IVN - Get Free Report) had its target price hoisted by research analysts at Raymond James from C$19.00 to C$21.00 in a report issued on Tuesday, BayStreet.CA reports. Raymond James' price objective would indicate a potential upside of 15.77% from the stock's current price.

Several other equities research analysts have also recently commented on the stock. 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 research report on Wednesday, February 28th. Bank of America upped their target price on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a research note on Tuesday, April 9th. Eight Capital lifted their price target on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday. Finally, Canaccord Genuity Group upped their price objective on shares of Ivanhoe Mines from C$16.00 to C$21.00 in a research report on Wednesday, April 17th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$19.94.

Ivanhoe Mines Trading Down 4.7 %

Shares of TSE:IVN traded down C$0.89 during trading on Tuesday, hitting C$18.14. 6,649,939 shares of the company's stock were exchanged, compared to its average volume of 2,127,545. Ivanhoe Mines has a 1-year low of C$9.89 and a 1-year high of C$19.99. The firm has a 50-day moving average price of C$15.93 and a two-hundred day moving average price of C$13.53. 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 firm has a market cap of C$23.04 billion, a P/E ratio of 51.22 and a beta of 2.00.

Ivanhoe Mines (TSE:IVN - Get Free Report) last issued its quarterly earnings results 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). Equities analysts predict that Ivanhoe Mines will post 0.5149972 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Setha Patricia Makhesha sold 3,295 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total transaction of C$47,102.03. In related news, Director Setha Patricia Makhesha sold 3,295 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were 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 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. 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.