Ivanhoe Mines Ltd. (TSE:IVN – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$19.00 and last traded at C$18.92, with a volume of 3404224 shares traded. The stock had previously closed at C$18.95.
Analysts Set New Price Targets
A number of research firms have recently issued reports on IVN. Raymond James upped their price objective on Ivanhoe Mines from C$18.00 to C$19.00 in a report on Wednesday, March 20th. Bank of America upped their price target on Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. Canaccord Genuity Group decreased their target price on Ivanhoe Mines from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Friday, January 12th. Finally, TD Securities raised their price objective on 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$16.44.
Read Our Latest Research Report on IVN
Ivanhoe Mines Price Performance
Ivanhoe Mines (TSE:IVN – Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.05). As a group, equities research analysts forecast that Ivanhoe Mines Ltd. will post 0.5149972 earnings per share for the current fiscal year.
Insider Buying and Selling at Ivanhoe Mines
In related news, Senior Officer Stephen Ralph Amos sold 2,489 shares of the business’s stock in a transaction dated Saturday, January 20th. The shares were sold at an average price of C$13.24, for a total transaction of C$32,941.92. In other Ivanhoe Mines news, Senior Officer Stephen Ralph Amos sold 2,489 shares of the company’s stock in a transaction dated Saturday, January 20th. The shares were sold at an average price of C$13.24, for a total value of C$32,941.92. Also, Senior Officer Mary Vincelli sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$15.47, for a total transaction of C$77,350.00. Over the last three months, insiders have sold 10,784 shares of company stock worth $157,394. 50.86% of the stock is 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.
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