Ivanhoe Mines Ltd (IVN) Given Speculative Buy Rating at TD Securities
Other analysts have also recently issued reports about the company. CIBC lifted their price target on Ivanhoe Mines from C$5.00 to C$5.50 in a report on Monday. BMO Capital Markets lifted their price target on Ivanhoe Mines from C$7.00 to C$8.00 and gave the stock an outperform rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ivanhoe Mines currently has a consensus rating of Buy and an average price target of C$6.79.
Ivanhoe Mines (TSE IVN) traded up C$0.01 during trading hours on Monday, reaching C$4.82. The company had a trading volume of 833,349 shares, compared to its average volume of 2,430,827. Ivanhoe Mines has a 1-year low of C$2.25 and a 1-year high of C$5.47.
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In other Ivanhoe Mines news, Director Matthieu Bos sold 7,000 shares of Ivanhoe Mines stock in a transaction on Thursday, August 24th. The stock was sold at an average price of C$4.53, for a total value of C$31,710.00. Also, Director Setha Patricia Makhesha sold 11,600 shares of Ivanhoe Mines stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of C$4.22, for a total value of C$48,952.00. Insiders sold a total of 56,500 shares of company stock valued at $245,297 over the last ninety days.
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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