Canaccord Genuity Raises Ivanhoe Mines (IVN) Price Target to C$7.75
Other equities analysts have also issued reports about the company. CIBC raised their target price on Ivanhoe Mines from C$5.00 to C$5.50 in a report on Monday, November 13th. BMO Capital Markets raised their price target on Ivanhoe Mines from C$7.00 to C$8.00 and gave the company an outperform rating in a research report on Monday, October 30th. Raymond James Financial raised their price target on Ivanhoe Mines from C$6.00 to C$6.50 and gave the company an outperform rating in a research report on Wednesday. Finally, TD Securities reaffirmed a speculative buy rating and issued a C$7.50 price target on shares of Ivanhoe Mines in a research report on Monday, November 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$6.97.
Ivanhoe Mines (TSE IVN) opened at C$4.41 on Wednesday. Ivanhoe Mines has a 1-year low of C$2.25 and a 1-year 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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