Ivanhoe Mines (TSE:IVN) Given New C$24.00 Price Target at Raymond James

Ivanhoe Mines (TSE:IVN) had its price target decreased by equities research analysts at Raymond James from C$25.00 to C$24.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 38.97% from the company’s current price. Raymond James also issued estimates for Ivanhoe Mines’ FY2025 earnings at $0.39 EPS.

A number of other analysts also recently issued reports on IVN. TD Securities dropped their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday. Scotiabank increased their price objective on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Eight equities research 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 price target of C$24.00.

Ivanhoe Mines Price Performance

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

Insiders Place Their Bets

In related news, Director Jinghe Chen sold 60,288 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$19.00, for a total value of C$1,145,472.00. Also, Director Martie Cloete sold 2,800 shares of the stock in a transaction that occurred 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. Insiders have sold 68,088 shares of company stock worth $1,292,379 in the last quarter. 44.96% of the stock is owned by corporate insiders.

About Ivanhoe Mines

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.