Ivanhoe Mines’ (IVN) Outperform Rating Reaffirmed at Royal Bank Of Canada
Ivanhoe Mines Ltd (TSE:IVN)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued on Monday.
Other research analysts have also recently issued research reports about the stock. Raymond James Financial Inc. increased their target price on shares of Ivanhoe Mines from C$1.60 to C$2.25 in a report on Monday, August 15th. BMO Capital Markets reissued an “outperform” rating on shares of Ivanhoe Mines in a report on Tuesday, November 8th.
Shares of Ivanhoe Mines (TSE:IVN) traded up 2.52% on Monday, reaching $2.44. 421,913 shares of the company were exchanged. The company has a market cap of $1.90 billion and a price-to-earnings ratio of 2.68. Ivanhoe Mines has a 12 month low of $0.53 and a 12 month high of $2.54. The company’s 50-day moving average price is $2.26 and its 200 day moving average price is $1.59.
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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