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

Jefferies Financial Group set a C$25.00 target price on Ivanhoe Mines (TSE:IVN) in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on IVN. TD Securities upped their price objective on Ivanhoe Mines from C$17.00 to C$17.50 and gave the stock a buy rating in a research report on Wednesday, February 28th. 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. Canaccord Genuity Group lifted their price target on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Raymond James raised their price objective on Ivanhoe Mines from C$19.00 to C$21.00 in a report on Tuesday, April 23rd. Finally, Eight Capital increased their price target on Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday, April 22nd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Ivanhoe Mines presently has a consensus rating of Buy and an average price target of C$22.17.

Ivanhoe Mines Price Performance

Shares of IVN opened at C$19.58 on Friday. The stock has a 50 day simple moving average of C$16.89 and a 200 day simple moving average of C$14.09. Ivanhoe Mines has a 52-week low of C$9.89 and a 52-week high of C$20.66. The company has a debt-to-equity ratio of 18.08, a quick ratio of 20.86 and a current ratio of 3.28. The firm has a market capitalization of C$24.87 billion, a PE ratio of 54.39 and a beta of 2.01.

Ivanhoe Mines (TSE:IVN) last issued its quarterly earnings data 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). Sell-side analysts predict that Ivanhoe Mines will post 0.4702621 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Setha Patricia Makhesha sold 3,295 shares of the firm’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 news, Director Setha Patricia Makhesha sold 3,295 shares of the 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. Also, Senior Officer Mary Vincelli sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$15.47, for a total transaction of C$77,350.00. Company insiders own 50.85% of the company’s stock.

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.