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

Ivanhoe Mines (TSE:IVN) had its target price boosted by investment analysts at Raymond James from C$19.00 to C$21.00 in a report released on Tuesday, BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 14.38% from the company’s previous close.

IVN has been the subject of a number of other research reports. Bank of America boosted their price objective on shares of Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. TD Securities boosted 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 note on Wednesday, February 28th. Eight Capital upped their target price 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 target on shares of Ivanhoe Mines from C$16.00 to C$21.00 in a report on Wednesday, April 17th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ivanhoe Mines currently has an average rating of “Buy” and a consensus target price of C$19.94.

Ivanhoe Mines Price Performance

IVN traded down C$0.67 during trading on Tuesday, reaching C$18.36. The stock had a trading volume of 5,250,511 shares, compared to its average volume of 2,109,240. The business has a 50-day moving average of C$15.93 and a 200-day moving average of C$13.53. Ivanhoe Mines has a one year low of C$9.89 and a one year high of C$19.99. The stock has a market cap of C$23.32 billion, a PE ratio of 51.22 and a beta of 2.00. The company has a debt-to-equity ratio of 18.08, a quick ratio of 20.86 and a current ratio of 3.28.

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 the consensus estimate of C$0.08 by C($0.05). As a group, equities research analysts anticipate that Ivanhoe Mines will post 0.5149972 EPS for the current fiscal year.

Insider Activity at Ivanhoe Mines

In related news, Director Setha Patricia Makhesha sold 3,295 shares of the 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 related news, Director Setha Patricia Makhesha sold 3,295 shares of Ivanhoe Mines stock in a transaction on 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 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 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.