Ivanhoe Mines Ltd (IVN) Receives “Neutral” Rating from CIBC
Ivanhoe Mines Ltd (TSE:IVN)‘s stock had its “neutral” rating reiterated by stock analysts at CIBC in a report released on Friday. They presently have a C$5.00 price objective on the stock. CIBC’s price target points to a potential upside of 23.46% from the company’s previous close.
Separately, Royal Bank Of Canada boosted their price objective on Ivanhoe Mines from C$4.25 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, June 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$6.21.
Ivanhoe Mines (TSE IVN) traded down 4.03% during trading on Friday, reaching $4.05. The company’s stock had a trading volume of 2,450,295 shares. The stock’s market cap is $3.18 billion. Ivanhoe Mines has a 1-year low of $1.83 and a 1-year high of $5.47. The company’s 50 day moving average price is $4.54 and its 200-day moving average price is $4.45.
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In other Ivanhoe Mines news, Director Matthieu Bos sold 7,000 shares of Ivanhoe Mines stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of C$4.53, for a total transaction of C$31,710.00. Insiders have sold a total of 19,900 shares of company stock worth $91,095 over the last ninety days.
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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