Eight Capital Raises Ivanhoe Mines (TSE:IVN) Price Target to C$30.00

Ivanhoe Mines (TSE:IVN) had its price target increased by Eight Capital from C$19.00 to C$30.00 in a report released on Monday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. TD Securities boosted their price target on Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a buy rating in a research note on Wednesday, February 28th. Raymond James boosted their price target on Ivanhoe Mines from C$18.00 to C$19.00 in a research note on Wednesday, March 20th. Bank of America boosted their price target on Ivanhoe Mines from C$15.50 to C$21.00 in a research note on Tuesday, April 9th. Finally, Canaccord Genuity Group boosted their price target on Ivanhoe Mines from C$16.00 to C$21.00 in a research note on Wednesday, April 17th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Ivanhoe Mines presently has an average rating of Buy and an average price target of C$19.94.

Ivanhoe Mines Trading Up 1.0 %

Shares of IVN opened at C$18.33 on Monday. The stock’s 50-day moving average is C$16.09 and its two-hundred day moving average is C$13.61. The stock has a market cap of C$23.28 billion, a PE ratio of 50.92 and a beta of 2.00. Ivanhoe Mines has a 12 month low of C$9.89 and a 12 month high of C$19.99. The company has a debt-to-equity ratio of 18.08, a current ratio of 3.28 and a quick ratio of 20.86.

Ivanhoe Mines (TSE:IVN) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.05). Equities analysts forecast that Ivanhoe Mines will post 0.5149972 earnings per share for the current fiscal year.

Insider Buying and Selling at Ivanhoe Mines

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. 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 shares were sold at an average price of C$15.47, for a total value of C$77,350.00. 50.86% of the stock is currently owned by insiders.

About Ivanhoe Mines

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.