Ivanhoe Mines Ltd. (TSE:IVN – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.25 and traded as low as C$16.02. Ivanhoe Mines shares last traded at C$17.24, with a volume of 3,309,062 shares traded.
Analyst Ratings Changes
A number of research analysts have recently commented on IVN shares. Canaccord Genuity Group upped their price objective on shares of Ivanhoe Mines from C$24.00 to C$25.00 in a research note on Monday, July 22nd. Jefferies Financial Group increased their price target on shares of Ivanhoe Mines from C$25.00 to C$26.00 in a research note on Friday, July 12th. Raymond James boosted their price objective on shares of Ivanhoe Mines from C$21.00 to C$24.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Royal Bank of Canada upped their price objective on Ivanhoe Mines from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Eight Capital lifted their target price on Ivanhoe Mines from C$19.00 to C$30.00 in a report on Monday, April 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$24.20.
Read Our Latest Stock Report on Ivanhoe Mines
Ivanhoe Mines Trading Up 6.0 %
Insider Activity
In related news, Senior Officer Mary Vincelli sold 3,600 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$17.96, for a total transaction of C$64,639.80. In other Ivanhoe Mines news, Senior Officer Mary Vincelli sold 3,600 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$17.96, for a total value of C$64,639.80. Also, Director Delphine TraorĂ© acquired 5,704 shares of the stock in a transaction on Monday, June 17th. The shares were acquired at an average price of C$17.40 per share, with a total value of C$99,249.60. Over the last quarter, insiders sold 12,064,614 shares of company stock worth $210,024,706. 45.18% of the stock is currently 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.
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