Ivanhoe Mines Ltd (IVN) Stock Rating Reaffirmed by Royal Bank Of Canada
Ivanhoe Mines Ltd (TSE:IVN)‘s stock had its “old rating” rating reiterated by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday.
Separately, Raymond James Financial Inc. lifted 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 company has a market cap of $1.80 billion and a PE ratio of 2.53. The stock has a 50 day moving average of $2.04 and a 200 day moving average of $1.34.
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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