Ivanhoe Mines Ltd (TSE:IVN)‘s stock had its “speculative buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued on Friday, StockTargetPrices.com reports. They presently have a C$3.50 target price on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 42.28% from the company’s current price.
Other research analysts have also recently issued reports about the company. Royal Bank Of Canada restated an “outperform” rating on shares of Ivanhoe Mines in a research note on Monday. BMO Capital Markets restated an “outperform” rating on shares of Ivanhoe Mines in a research note on Tuesday, November 8th. Finally, Raymond James Financial Inc. raised their price objective on Ivanhoe Mines from C$1.60 to C$2.25 in a research note on Monday, August 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$2.35.
Ivanhoe Mines (TSE:IVN) traded down 2.44% on Friday, reaching $2.40. The company’s stock had a trading volume of 912,231 shares. Ivanhoe Mines has a 12-month low of $0.53 and a 12-month high of $2.54. The company has a market capitalization of $1.87 billion and a price-to-earnings ratio of 2.64. The firm has a 50-day moving average of $2.29 and a 200 day moving average of $1.64.
About Ivanhoe Mines