Shares of Ivanhoe Mines Ltd (TSE:IVN) have been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$5.38.
Separately, Paradigm Capital raised their price target on shares of Ivanhoe Mines from C$1.25 to C$5.00 in a report on Wednesday, March 15th.
In other Ivanhoe Mines news, Director Louis Kabamba Watum sold 29,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of C$3.99, for a total value of C$118,503.00. Ivanhoe Mines Company Profile