Ivanhoe Mines Ltd (TSE:IVN) had its target price lifted by equities research analysts at BMO Capital Markets from C$7.00 to C$8.00 in a research report issued on Monday, October 30th. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 80.59% from the stock’s previous close.
Separately, CIBC restated a “neutral” rating and issued a C$5.00 target price on shares of Ivanhoe Mines in a report on Friday, September 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$6.79.
Shares of Ivanhoe Mines (TSE:IVN) opened at C$4.43 on Monday. Ivanhoe Mines has a fifty-two week low of C$2.25 and a fifty-two week high of C$5.47.
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In related news, Director Matthieu Bos sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of C$4.53, for a total value of C$31,710.00. Also, Director Setha Patricia Makhesha sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of C$4.21, for a total transaction of C$105,250.00. In the last quarter, insiders sold 56,500 shares of company stock valued at $245,297.
Ivanhoe Mines Company Profile
Ivanhoe Mines Ltd. is a mineral exploration and development company. The Company focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has four segments: the Platreef property, the Kamoa property and joint venture, the Kipushi property and treasury. The segments are engaged in the exploration and development of mineral properties in South Africa, the Democratic Republic of Congo (DRC) and the restoration of a mine in the DRC, respectively.
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