BMO Capital Markets reaffirmed their outperform rating on shares of Ivanhoe Mines Ltd (TSE:IVN) in a research note issued to investors on Tuesday.

Several other brokerages also recently weighed in on IVN. Royal Bank Of Canada restated an old rating rating on shares of Ivanhoe Mines in a research note on Thursday, October 13th. Raymond James Financial Inc. boosted their price target on Ivanhoe Mines from C$1.60 to C$2.25 in a research note on Monday, August 15th.

Shares of Ivanhoe Mines (TSE:IVN) opened at 2.41 on Tuesday. The company’s 50 day moving average price is $2.23 and its 200 day moving average price is $1.53. Ivanhoe Mines has a 52-week low of $0.53 and a 52-week high of $2.54. The stock has a market cap of $1.88 billion and a PE ratio of 2.64.

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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