Ivanhoe Mines Ltd (IVN) Receives “Speculative Buy” Rating from Canaccord Genuity
Canaccord Genuity reiterated their speculative buy rating on shares of Ivanhoe Mines Ltd (TSE:IVN) in a research report sent to investors on Friday. They currently have a C$3.50 price objective on the stock.
A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada reiterated an outperform rating on shares of Ivanhoe Mines in a report on Monday, November 21st. BMO Capital Markets reiterated an outperform rating on shares of Ivanhoe Mines in a report on Tuesday, November 8th. Finally, Raymond James Financial Inc. raised their price objective on shares of Ivanhoe Mines from C$1.60 to C$2.25 in a report on Monday, August 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of C$2.35.
Shares of Ivanhoe Mines (TSE:IVN) opened at 2.44 on Friday. The firm has a market capitalization of $1.90 billion and a price-to-earnings ratio of 2.69. Ivanhoe Mines has a 12 month low of $0.53 and a 12 month high of $2.54. The stock’s 50 day moving average is $2.30 and its 200 day moving average is $1.65.
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.
Receive News & Stock Ratings for Ivanhoe Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ivanhoe Mines Ltd and related stocks with our FREE daily email newsletter.