Ivanhoe Mines (IVN) Given a C$8.00 Price Target at BMO Capital Markets
Ivanhoe Mines (TSE:IVN) has been assigned a C$8.00 price target by research analysts at BMO Capital Markets in a report released on Tuesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 153.97% from the stock’s previous close.
IVN has been the subject of several other research reports. Raymond James Financial boosted their price target on shares of Ivanhoe Mines from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Wednesday, November 29th. Canaccord Genuity boosted their price target on shares of Ivanhoe Mines from C$6.50 to C$7.75 in a report on Wednesday, November 29th. CIBC raised shares of Ivanhoe Mines from a “neutral” rating to an “outperform” rating and cut their price target for the stock from C$5.50 to C$5.25 in a report on Monday, January 22nd. Finally, TD Securities reissued a “speculative buy” rating and issued a C$7.50 price target on shares of Ivanhoe Mines in a report on Monday, November 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ivanhoe Mines currently has a consensus rating of “Buy” and an average target price of C$6.32.
Shares of Ivanhoe Mines (IVN) traded down C$0.05 during midday trading on Tuesday, reaching C$3.15. 981,220 shares of the company traded hands, compared to its average volume of 1,831,196. The stock has a market cap of $2,530.00, a price-to-earnings ratio of -52.50 and a beta of 0.75. Ivanhoe Mines has a 12 month low of C$2.73 and a 12 month 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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