Ivanhoe Mines (TSE:IVN – Get Free Report) had its target price upped by Raymond James from C$19.00 to C$21.00 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 14.57% from the company’s current price. Raymond James also issued estimates for Ivanhoe Mines’ Q2 2024 earnings at $0.01 EPS and FY2024 earnings at $0.15 EPS.
A number of other research analysts have also recently issued reports on the company. Bank of America lifted their target price on Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. TD Securities lifted their price target 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. Canaccord Genuity Group lifted their price target on Ivanhoe Mines from C$16.00 to C$21.00 in a research note on Wednesday, April 17th. Finally, Eight Capital lifted their price target on Ivanhoe Mines from C$19.00 to C$30.00 in a research note on Monday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$19.94.
Check Out Our Latest Research Report on IVN
Ivanhoe Mines Stock Performance
Ivanhoe Mines (TSE:IVN – Get Free Report) last released its earnings results 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). As a group, analysts expect that Ivanhoe Mines will post 0.5149972 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Mary Vincelli sold 5,000 shares of Ivanhoe Mines stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total value of C$77,350.00. In related news, Director Setha Patricia Makhesha sold 3,295 shares of Ivanhoe Mines stock in a transaction that occurred 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. Also, Senior Officer Mary Vincelli sold 5,000 shares of Ivanhoe Mines stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total value of C$77,350.00. 50.86% of the stock is owned by 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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