Separately, Royal Bank Of Canada lifted their price objective on Ivanhoe Mines from C$4.25 to C$5.50 and gave the company an outperform rating in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of C$6.21.
Ivanhoe Mines (TSE:IVN) traded down 4.03% during midday trading on Friday, hitting $4.05. The company’s stock had a trading volume of 2,450,295 shares. Ivanhoe Mines has a 52-week low of $1.86 and a 52-week high of $5.47. The company’s market cap is $3.18 billion. The stock has a 50 day moving average of $4.52 and a 200 day moving average of $4.45.
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In other Ivanhoe Mines news, Director Matthieu Bos sold 7,000 shares of Ivanhoe Mines stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of C$4.53, for a total transaction of C$31,710.00. Over the last ninety days, insiders have sold 19,900 shares of company stock worth $91,095.
About Ivanhoe Mines
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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