Ivanhoe Mines (IVN) PT Raised to C$6.50
Ivanhoe Mines (TSE:IVN) had its target price increased by analysts at Raymond James Financial from C$6.00 to C$6.50 in a note issued to investors on Wednesday. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 47.39% from the company’s previous close.
A number of other equities analysts have also recently issued reports on IVN. CIBC reissued a “neutral” rating and set a C$5.00 price objective on shares of Ivanhoe Mines in a research report on Friday, September 15th. BMO Capital Markets raised their price target on shares of 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. 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$6.97.
Shares of Ivanhoe Mines (TSE IVN) opened at C$4.41 on Wednesday. Ivanhoe Mines has a twelve month low of C$2.25 and a twelve month high of C$5.47.
In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 11,600 shares of Ivanhoe Mines stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of C$4.22, for a total transaction of C$48,952.00.
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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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