Ivanhoe Mines (IVN) PT Raised to C$7.75
Ivanhoe Mines (TSE:IVN) had its target price increased by stock analysts at Canaccord Genuity from C$6.50 to C$7.75 in a research note issued to investors on Wednesday. Canaccord Genuity’s price objective would indicate a potential upside of 75.74% from the stock’s current price.
A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Ivanhoe Mines from C$7.00 to C$8.00 and gave the company an “outperform” rating in a report on Monday, October 30th. CIBC reiterated a “neutral” rating and issued a C$5.00 target price on shares of Ivanhoe Mines in a research note on Friday, September 15th. TD Securities reiterated a “speculative buy” rating and issued a C$7.50 target price on shares of Ivanhoe Mines in a research note on Monday, November 13th. Finally, Raymond James Financial boosted their target price on shares of Ivanhoe Mines from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ivanhoe Mines has an average rating of “Buy” and a consensus price target of C$6.97.
Shares of Ivanhoe Mines (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 the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of C$4.22, for a total value of C$48,952.00.
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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