Ivanhoe Mines (TSE:IVN) PT Set at C$25.00 by Jefferies Financial Group

Ivanhoe Mines (TSE:IVN) has been assigned a C$25.00 price target by Jefferies Financial Group in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 31.16% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Eight Capital boosted their price target on shares of Ivanhoe Mines from C$19.00 to C$30.00 in a report on Monday, April 22nd. TD Securities boosted their price target on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a “buy” rating in a report on Wednesday, February 28th. Raymond James boosted their price objective on shares of Ivanhoe Mines from C$19.00 to C$21.00 in a research report on Tuesday, April 23rd. Canaccord Genuity Group boosted their price objective on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, 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. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$22.17.

Ivanhoe Mines Price Performance

IVN opened at C$19.06 on Friday. The company has a fifty day moving average price of C$16.78 and a two-hundred day moving average price of C$14.01. 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 has a 52 week low of C$9.89 and a 52 week high of C$20.66. The firm has a market capitalization of C$24.21 billion, a PE ratio of 52.94 and a beta of 2.01.

Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.05). As a group, analysts anticipate that Ivanhoe Mines will post 0.4702621 earnings per share for the current year.

Insider Activity

In related news, Director Setha Patricia Makhesha sold 3,295 shares of the company’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 related news, Director Setha Patricia Makhesha sold 3,295 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$14.30, for a total transaction of C$47,102.03. Also, Senior Officer Mary Vincelli sold 5,000 shares of the stock in a transaction that occurred 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. 50.85% 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.