Ivanhoe Mines (TSE:IVN – Free Report) had its price target decreased by Royal Bank of Canada from C$25.00 to C$24.00 in a research report report published on Tuesday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
IVN has been the topic of a number of other research reports. Scotiabank cut their price objective on shares of Ivanhoe Mines from C$23.00 to C$21.00 in a research note on Monday, August 19th. Jefferies Financial Group increased their price target on Ivanhoe Mines from C$25.00 to C$26.00 in a research report on Friday, July 12th. Raymond James boosted their price objective on Ivanhoe Mines from C$21.00 to C$24.00 and gave the company an outperform rating in a report on Thursday, May 23rd. Citigroup raised their target price on Ivanhoe Mines from C$15.00 to C$24.00 and gave the stock a buy rating in a report on Thursday, June 20th. Finally, Canaccord Genuity Group boosted their price target on Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of C$24.20.
Check Out Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Stock Up 1.2 %
Ivanhoe Mines (TSE:IVN – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported C$0.08 EPS for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.01. Equities analysts anticipate that Ivanhoe Mines will post 1.034134 EPS for the current year.
Insiders Place Their Bets
In related news, Director Delphine Traoré purchased 5,704 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average price of C$17.40 per share, with a total value of C$99,249.60. In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 3,600 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$17.96, for a total transaction of C$64,639.80. Also, Director Delphine Traoré purchased 5,704 shares of the stock in a transaction dated Monday, June 17th. The stock was purchased at an average cost of C$17.40 per share, for a total transaction of C$99,249.60. Over the last 90 days, insiders have sold 11,816,100 shares of company stock worth $205,720,353. 45.03% of the stock is owned by corporate 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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