November 25, 2016 - By Marie Mckinney
The financial company have set target price per share of $3.50 on Ivanhoe Mines (TSE:IVN) shares. This is 46.44% from the close price. In a report shared with investors on Friday morning, Canaccord Genuity reconfirmed their “Speculative Buy” rating on shares of IVN.
Out of 3 analysts covering Ivanhoe Mines Ltd. (TSE:IVN), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $3.20 is the highest target while $1.50 is the lowest. The $2.03 average target is -15.06% below today’s ($2.39) stock price. Ivanhoe Mines Ltd. has been the topic of 10 analyst reports since October 14, 2015 according to StockzIntelligence Inc. As per Tuesday, November 8, the company rating was maintained by BMO Capital Markets. On Tuesday, January 26 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, November 19. As per Thursday, January 14, the company rating was downgraded by BMO Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 25 report. On Wednesday, December 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Ivanhoe Mines Ltd (TSE:IVN) has “Outperform” rating given on Friday, September 23 by RBC Capital Markets.
About 891,531 shares traded hands. Ivanhoe Mines Ltd (TSE:IVN) has risen 134.29% since April 21, 2016 and is uptrending. It has outperformed by 128.88% the S&P500.
Ivanhoe Mines Ltd. is a mineral exploration and development company. The company has a market cap of $1.87 billion. The Firm focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has a 1.95 P/E ratio. It has four divisions: the Platreef property, the Kamoa property and joint venture, the Kipushi property and treasury.
More recent Ivanhoe Mines Ltd (TSE:IVN) news were published by: Marketwatch.com which released: “Ivanhoe Mines Ltd.” on November 21, 2013. Also Wsj.com published the news titled: “Ivanhoe Mines to Seek Strategic Adviser After Unsolicited Interest” on August 29, 2016. Seekingalpha.com‘s news article titled: “Ivanhoe Mines Became A Billion Dollar Company” with publication date: September 08, 2016 was also an interesting one.
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