Ivanhoe Mines Ltd (TSE:IVN) is scheduled to post its quarterly earnings results before the market opens on Wednesday, March 22nd. Analysts expect Ivanhoe Mines to post earnings of ($0.01) per share for the quarter.
Shares of Ivanhoe Mines Ltd (TSE:IVN) opened at 4.30 on Tuesday. Ivanhoe Mines Ltd has a 1-year low of $0.78 and a 1-year high of $5.11. The stock has a market capitalization of $3.35 billion and a P/E ratio of 4.74. The company has a 50 day moving average price of $4.29 and a 200-day moving average price of $2.96.
In other Ivanhoe Mines news, insider Mark Sean Farren sold 89,316 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of C$4.32, for a total transaction of C$385,845.12. Also, Director Martie Cloete sold 27,500 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of C$4.30, for a total value of C$118,250.00. Insiders have sold 166,879 shares of company stock worth $715,463 in the last 90 days.
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Several analysts have issued reports on the company. Paradigm Capital upped their price objective on Ivanhoe Mines from C$1.25 to C$5.00 in a research note on Wednesday, March 15th. Canaccord Genuity upped their price objective on Ivanhoe Mines from C$4.75 to C$6.00 and gave the company a “speculative buy” rating in a research note on Tuesday, January 24th. Royal Bank of Canada restated an “outperform” rating on shares of Ivanhoe Mines in a research note on Wednesday, December 14th. Sanford C. Bernstein restated an “outperform” rating and set a C$10.00 price objective on shares of Ivanhoe Mines in a research note on Friday, December 9th. Finally, BMO Capital Markets upped their price objective on Ivanhoe Mines from C$3.25 to C$5.75 in a research note on Tuesday, December 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$5.38.
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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