Ivanhoe Mines (IVN) Price Target Increased to C$5.00 by Analysts at Royal Bank of Canada

Share on StockTwits

Ivanhoe Mines (TSE:IVN) had its price objective raised by Royal Bank of Canada from C$4.00 to C$5.00 in a report released on Thursday morning.

Several other equities analysts have also recently issued reports on IVN. Canaccord Genuity cut Ivanhoe Mines from a buy rating to a speculative buy rating and decreased their price objective for the company from C$8.50 to C$7.00 in a report on Tuesday, January 8th. CIBC decreased their price objective on Ivanhoe Mines from C$2.90 to C$2.50 in a report on Monday, January 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of C$5.96.

Shares of IVN stock opened at C$3.15 on Thursday. The stock has a market capitalization of $3.20 billion and a PE ratio of 14.13. The company has a quick ratio of 25.70, a current ratio of 25.97 and a debt-to-equity ratio of 1.86. Ivanhoe Mines has a 52-week low of C$2.00 and a 52-week high of C$3.59.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. The company explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, germanium, and lead deposits. Its projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located on the DRC's Copperbelt; and the Kamoa-Kakula project located within the Central African Copperbelt in the Democratic Republic of Congo (DRC).

Recommended Story: How Investors Can Profit from Options Trading

Analyst Recommendations for Ivanhoe Mines (TSE:IVN)

Receive News & Ratings for Ivanhoe Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ivanhoe Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Ivanhoe Mines  Price Target Increased to C$5.00 by Analysts at Royal Bank of Canada
Ivanhoe Mines Price Target Increased to C$5.00 by Analysts at Royal Bank of Canada
GMP Securities Trims Mullen Group  Target Price to C$12.50
GMP Securities Trims Mullen Group Target Price to C$12.50
First Internet Bancorp  Given Average Recommendation of “Hold” by Analysts
First Internet Bancorp Given Average Recommendation of “Hold” by Analysts
Strad Energy Services’  Outperform Rating Reaffirmed at Raymond James
Strad Energy Services’ Outperform Rating Reaffirmed at Raymond James
Talanx  PT Set at €39.50 by JPMorgan Chase & Co.
Talanx PT Set at €39.50 by JPMorgan Chase & Co.
Shop Apotheke Europe  PT Set at €51.00 by Hauck & Aufhaeuser
Shop Apotheke Europe PT Set at €51.00 by Hauck & Aufhaeuser


Leave a Reply

© 2006-2019 Ticker Report