Ivanhoe Mines (TSE:IVN) has been assigned a C$8.00 price target by BMO Capital Markets in a note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 139.52% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. CIBC increased their target price on shares of Ivanhoe Mines from C$5.00 to C$5.50 in a research report on Monday, November 13th. Canaccord Genuity increased their target price on shares of Ivanhoe Mines from C$6.50 to C$7.75 in a research report on Wednesday, November 29th. Raymond James Financial upped their price target on shares of Ivanhoe Mines from C$6.00 to C$6.50 and gave the company an “outperform” rating in a report on Wednesday, November 29th. Finally, TD Securities restated a “speculative buy” rating and set a C$7.50 price target on shares of Ivanhoe Mines in a report on Monday, November 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$6.32.
Ivanhoe Mines (TSE IVN) opened at C$3.34 on Tuesday. The company has a market cap of $2,640.00, a price-to-earnings ratio of -55.67 and a beta of 0.75. Ivanhoe Mines has a 1 year low of C$2.73 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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