Ivanhoe Mines (IVN) Given New C$3.50 Price Target at CIBC

Ivanhoe Mines (TSE:IVN) had its target price trimmed by CIBC from C$4.00 to C$3.50 in a research report sent to investors on Friday.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity upped their target price on Ivanhoe Mines from C$6.50 to C$7.75 in a research report on Wednesday, November 29th. BMO Capital Markets set a C$8.00 target price on Ivanhoe Mines and gave the stock an outperform rating in a research report on Tuesday, February 13th. Finally, Raymond James Financial upped their target price on Ivanhoe Mines from C$6.00 to C$6.50 and gave the stock an outperform rating in a research report on Wednesday, November 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ivanhoe Mines currently has an average rating of Buy and a consensus price target of C$6.46.

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Shares of Ivanhoe Mines (IVN) opened at C$2.81 on Friday. The firm has a market capitalization of $2,370.00, a P/E ratio of -40.14 and a beta of 0.81. Ivanhoe Mines has a 52-week low of C$2.73 and a 52-week 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.

Analyst Recommendations for Ivanhoe Mines (TSE:IVN)

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