Ivanhoe Mines Ltd. (TSE:IVN) has received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$6.54.
Several research firms have commented on IVN. Canaccord Genuity boosted 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 boosted their target price on shares of 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. CIBC boosted their target price on shares of Ivanhoe Mines from C$5.00 to C$5.50 in a research report on Monday, November 13th. TD Securities reaffirmed a “speculative buy” rating and set a C$7.50 price objective on shares of Ivanhoe Mines in a report on Monday, November 13th. Finally, BMO Capital Markets upped their price objective on shares of Ivanhoe Mines from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a report on Monday, October 30th.
In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 25,000 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of C$4.21, for a total value of C$105,250.00.
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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.
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