TD Securities Reiterates Speculative Buy Rating for Ivanhoe Mines Ltd (IVN)
Ivanhoe Mines Ltd (TSE:IVN)‘s stock had its “speculative buy” rating reaffirmed by stock analysts at TD Securities in a note issued to investors on Monday. They presently have a C$7.50 target price on the stock. TD Securities’ price objective would indicate a potential upside of 69.30% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. CIBC raised their price target on Ivanhoe Mines from C$5.00 to C$5.50 in a report on Monday. BMO Capital Markets raised 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 given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$6.79.
Shares of Ivanhoe Mines (TSE IVN) opened at C$4.43 on Monday. Ivanhoe Mines has a 12-month low of C$2.25 and a 12-month high of C$5.47.
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In other news, Director Setha Patricia Makhesha sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of C$4.21, for a total value of C$105,250.00. Also, Director Matthieu Bos sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of C$4.53, for a total value of C$31,710.00. In the last three months, 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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