Jefferies Financial Group set a C$25.00 price objective on Ivanhoe Mines (TSE:IVN – Free Report) in a research note published on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group upped their price target on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. 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. Scotiabank raised their price target on shares of Ivanhoe Mines from C$18.00 to C$19.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. BMO Capital Markets boosted their price objective on shares of Ivanhoe Mines from C$18.00 to C$22.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Finally, TD Securities increased their target price on Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a buy rating in a research note on Wednesday, February 28th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ivanhoe Mines has an average rating of Buy and an average target price of C$22.17.
Get Our Latest Research Report on Ivanhoe Mines
Ivanhoe Mines Price Performance
Ivanhoe Mines (TSE:IVN – Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.05). Equities research analysts forecast that Ivanhoe Mines will post 0.4702621 EPS for the current fiscal year.
Insider Buying and Selling
In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the business’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 other 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. Also, Director Setha Patricia Makhesha sold 3,295 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$14.30, for a total value of C$47,102.03. 50.85% of the stock is currently owned by corporate 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.
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