Raymond James Financial Increases Ivanhoe Mines (IVN) Price Target to C$6.50
Ivanhoe Mines (TSE:IVN) had its price objective raised by Raymond James Financial from C$6.00 to C$6.50 in a research report report published on Wednesday morning. The firm currently has an outperform rating on the stock.
Several other brokerages have also recently weighed in on IVN. TD Securities reiterated a speculative buy rating and issued a C$7.50 target price on shares of Ivanhoe Mines in a report on Monday, November 13th. CIBC upped their target price on Ivanhoe Mines from C$5.00 to C$5.50 in a report on Monday, November 13th. Finally, BMO Capital Markets upped their target price on Ivanhoe Mines from C$7.00 to C$8.00 and gave the stock an outperform rating in a report on Monday, October 30th. Three 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 an average target price of C$6.97.
Shares of 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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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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