Ivanhoe Mines (TSE:IVN – Free Report) had its price target boosted by Royal Bank of Canada from C$19.00 to C$22.00 in a research note released on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
IVN has been the topic of several other reports. Raymond James lifted their target price on shares of Ivanhoe Mines from C$19.00 to C$21.00 in a research report on Tuesday, April 23rd. TD Securities lifted their target price on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a buy rating in a research report on Wednesday, February 28th. Canaccord Genuity Group lifted their target price on shares of Ivanhoe Mines from C$16.00 to C$21.00 in a research report on Wednesday, April 17th. Bank of America boosted their price target on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. Finally, Eight Capital boosted their price target on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday, April 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of Buy and an average price target of C$21.81.
Check Out Our Latest Stock Report on IVN
Ivanhoe Mines Stock Performance
Ivanhoe Mines (TSE:IVN – Get Free Report) last issued its earnings results 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). Equities research analysts forecast that Ivanhoe Mines will post 0.4702621 EPS for the current year.
Insiders Place Their Bets
In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total value of C$47,102.03. In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total value of C$47,102.03. Also, Senior Officer Mary Vincelli sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total transaction of C$77,350.00. Insiders own 50.85% of the company’s stock.
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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