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 equities research analysts at Royal Bank Of Canada in a note issued to investors on Thursday, StockTargetPrices.com reports.
Separately, Raymond James Financial Inc. increased their price objective on Ivanhoe Mines from C$1.60 to C$2.25 in a report on Monday, August 15th.
Shares of Ivanhoe Mines (TSE:IVN) traded down 1.70% during trading on Thursday, hitting $2.31. The stock had a trading volume of 1,207,758 shares. Ivanhoe Mines has a 12-month low of $0.53 and a 12-month high of $2.40. The firm has a market cap of $1.80 billion and a P/E ratio of 2.53. The firm has a 50 day moving average price of $2.04 and a 200 day moving average price of $1.34.
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Ivanhoe Mines Company Profile
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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