Ivanhoe Mines Ltd Stock Rating Upgraded by CIBC (IVN)
Ivanhoe Mines Ltd (NYSE:IVN) was upgraded by stock analysts at CIBC from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday, American Banking & Market News reports. The firm currently has a C$4.50 price target on the stock, up from their previous price target of C$4.00.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Ivanhoe Mines Ltd in a research note to investors on Monday, October 7th. They now have a $3.60 price target on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Ivanhoe Mines Ltd from C$6.00 to C$5.50 in a research note to investors on Monday, October 7th. They now have an “overweight” rating on the stock.
Ivanhoe Mines Ltd. (NYSE:IVN) is an international mineral exploration and development company.
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