Raymond James Lowers Ivanhoe Mines (TSE:IVN) Price Target to C$24.00

Ivanhoe Mines (TSE:IVN) had its price objective trimmed by Raymond James from C$25.00 to C$24.00 in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. Raymond James also issued estimates for Ivanhoe Mines’ FY2025 earnings at $0.39 EPS.

A number of other research analysts also recently commented on IVN. Scotiabank upped their price objective on Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. TD Securities lowered their target price on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research report on Thursday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$24.00.

Ivanhoe Mines Trading Up 0.5 %

Ivanhoe Mines stock opened at C$17.27 on Thursday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. Ivanhoe Mines has a 1 year low of C$12.94 and a 1 year high of C$21.32. The firm’s 50-day moving average is C$18.21 and its 200-day moving average is C$18.18. The company has a market cap of C$23.31 billion, a P/E ratio of 107.94 and a beta of 1.94.

Insider Buying and Selling at Ivanhoe Mines

In other news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$19.00, for a total transaction of C$91,200.00. Also, Director Martie Cloete sold 2,800 shares of Ivanhoe Mines stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$18.56, for a total value of C$51,968.00. In the last ninety days, insiders sold 68,088 shares of company stock valued at $1,292,379. 44.96% of the stock is owned by corporate 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.