Ivanhoe Mines Ltd. (IVN) Given Average Rating of “Buy” by Analysts
Shares of Ivanhoe Mines Ltd. (TSE:IVN) have been given an average recommendation of “Buy” by the eight research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$6.97.
IVN has been the subject of several recent research reports. CIBC reiterated a “neutral” rating and issued a C$5.00 price objective on shares of Ivanhoe Mines in a research report on Friday, September 15th. Canaccord Genuity boosted their price objective on Ivanhoe Mines from C$6.50 to C$7.75 in a research report on Wednesday, November 29th. BMO Capital Markets boosted their price objective on Ivanhoe Mines from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. TD Securities reiterated a “speculative buy” rating and issued a C$7.50 price objective on shares of Ivanhoe Mines in a research report on Monday, November 13th. Finally, Raymond James Financial boosted their price objective on Ivanhoe Mines from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research report on Wednesday, November 29th.
Ivanhoe Mines (TSE:IVN) traded up C$0.04 during trading hours on Friday, reaching C$4.12. The company had a trading volume of 794,439 shares, compared to its average volume of 2,318,107. Ivanhoe Mines has a one year low of C$2.25 and a one year high of C$5.47.
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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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