Ivanhoe Mines (TSE:IVN) Given a C$25.00 Price Target by Jefferies Financial Group Analysts

Ivanhoe Mines (TSE:IVN) received a C$25.00 target price from equities researchers at Jefferies Financial Group in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 31.16% from the company’s previous close.

Several other equities analysts have also weighed in on IVN. Royal Bank of Canada raised their target price on Ivanhoe Mines from C$19.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday. TD Securities raised their target price on Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a “buy” rating in a report on Wednesday, February 28th. BMO Capital Markets raised their target price on Ivanhoe Mines from C$18.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday. Scotiabank raised their target price on Ivanhoe Mines from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Canaccord Genuity Group raised their target price on Ivanhoe Mines from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Wednesday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$22.17.

Ivanhoe Mines Stock Up 1.9 %

Shares of Ivanhoe Mines stock traded up C$0.35 during midday trading on Friday, hitting C$19.06. The company’s stock had a trading volume of 2,298,254 shares, compared to its average volume of 2,350,382. The firm has a market capitalization of C$24.21 billion, a P/E ratio of 52.94 and a beta of 2.01. The stock has a 50-day simple moving average of C$16.78 and a 200-day simple moving average of C$13.99. The company has a quick ratio of 20.86, a current ratio of 3.28 and a debt-to-equity ratio of 18.08. Ivanhoe Mines has a 1-year low of C$9.89 and a 1-year high of C$20.66.

Ivanhoe Mines (TSE:IVN) last released its quarterly earnings data 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, sell-side analysts expect that Ivanhoe Mines will post 0.4702621 earnings per share for the current year.

Insider Transactions at Ivanhoe Mines

In other news, Director Setha Patricia Makhesha sold 3,295 shares of the business’s 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. In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 3,295 shares of the company’s stock in a transaction 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 company’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. 50.85% 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.