Raymond James Issues Pessimistic Forecast for Ivanhoe Mines (TSE:IVN) Stock Price

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

Several other research firms also recently weighed in on IVN. Scotiabank raised their price objective on Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. TD Securities dropped their price target on Ivanhoe Mines from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ivanhoe Mines currently has an average rating of “Buy” and a consensus price target of C$24.00.

Ivanhoe Mines Trading Up 0.5 %

Shares of IVN opened at C$17.27 on Thursday. 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 firm has a market capitalization of C$23.31 billion, a P/E ratio of 107.94 and a beta of 1.94. The firm’s 50-day moving average is C$18.21 and its two-hundred day moving average is C$18.18.

Insider Buying and Selling

In other news, Senior Officer Chao (Peter) Zhou sold 4,800 shares of Ivanhoe Mines stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$19.00, for a total value of C$91,200.00. Also, Director Jinghe Chen sold 60,288 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$19.00, for a total value of C$1,145,472.00. In the last quarter, insiders sold 68,088 shares of company stock worth $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.