Ivanhoe Mines Ltd (IVN) Stock Rating Reaffirmed by Royal Bank Of Canada
Ivanhoe Mines Ltd (TSE:IVN)‘s stock had its “old rating” rating reissued by stock analysts at Royal Bank Of Canada in a note issued to investors on Thursday, StockTargetPrices.com reports.
Separately, Raymond James Financial Inc. upped their price target on shares of Ivanhoe Mines from C$1.60 to C$2.25 in a research note on Monday, August 15th.
Shares of Ivanhoe Mines (TSE:IVN) traded down 0.43% during mid-day trading on Thursday, hitting $2.34. 2,608,881 shares of the stock traded hands. The company has a market capitalization of $1.82 billion and a PE ratio of 2.56. The company’s 50-day moving average price is $2.06 and its 200 day moving average price is $1.34. Ivanhoe Mines has a 1-year low of $0.53 and a 1-year high of $2.40.
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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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