Ivanhoe Mines (TSE:IVN) had its price objective lowered by CIBC from C$4.00 to C$3.50 in a report released on Friday, March 23rd.
A number of other analysts have also commented on the company. BMO Capital Markets set a C$8.00 price objective on Ivanhoe Mines and gave the company an outperform rating in a research note on Tuesday, February 13th. Canaccord Genuity raised their price target on Ivanhoe Mines from C$6.50 to C$7.75 in a research note on Wednesday, November 29th. Finally, Raymond James Financial raised their price target on Ivanhoe Mines from C$6.00 to C$6.50 and gave the stock an outperform rating in a research note on Wednesday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ivanhoe Mines presently has a consensus rating of Buy and a consensus price target of C$6.46.
TSE:IVN opened at C$2.66 on Friday. Ivanhoe Mines has a 1 year low of C$2.51 and a 1 year high of C$5.47.
Ivanhoe Mines (TSE:IVN) last posted its earnings results on Wednesday, March 21st. The company reported C$0.02 earnings per share for the quarter.
About Ivanhoe Mines
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious gems located primarily in Africa. The company explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, germanium, and lead deposits. Its principal projects include the Platreef project located in the Northern Limb of South Africa’s Bushveld Complex; Kamoa-Kakula project located within the Central African Copperbelt in the Democratic Republic of Congo (DRC); and the Kipushi project located on the DRC’s Copperbelt.
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