Ivanhoe Mines (TSE:IVN) received a C$8.00 price target from BMO Capital Markets in a research report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 151.57% from the stock’s previous close.
IVN has been the topic of several other reports. Raymond James Financial upped 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. Canaccord Genuity upped their price objective on Ivanhoe Mines from C$6.50 to C$7.75 in a research report on Wednesday, November 29th. CIBC raised Ivanhoe Mines from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from C$5.50 to C$5.25 in a research report on Monday, January 22nd. Finally, TD Securities reaffirmed 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ivanhoe Mines has an average rating of “Buy” and a consensus price target of C$6.32.
Ivanhoe Mines (IVN) traded down C$0.02 during mid-day trading on Tuesday, reaching C$3.18. The company had a trading volume of 1,168,788 shares, compared to its average volume of 1,837,738. The company has a market cap of $2,480.00, a PE ratio of -52.33 and a beta of 0.75. Ivanhoe Mines has a fifty-two week low of C$2.73 and a fifty-two week high of C$5.47.
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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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