Today: Ivanhoe Mines Ltd (IVN) Receives “Speculative Buy” Rating from Canaccord Genuity

Today: Ivanhoe Mines Ltd (IVN) Receives “Speculative Buy” Rating from Canaccord Genuity

Canaccord Genuity reaffirmed their speculative buy rating on shares of Ivanhoe Mines Ltd (TSE:IVN) in a report issued on Friday morning. Canaccord Genuity currently has a C$3.50 target price on the stock.

Several other equities research analysts have also recently weighed in on IVN. BMO Capital Markets reiterated an outperform rating on shares of Ivanhoe Mines in a research report on Tuesday, November 8th. Royal Bank Of Canada reissued an outperform rating on shares of Ivanhoe Mines in a report on Monday, November 21st. Finally, Raymond James Financial Inc. boosted their price objective on Ivanhoe Mines from C$1.60 to C$2.25 in a report on Monday, August 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of C$2.35.

Ivanhoe Mines (TSE:IVN) opened at 2.44 on Friday. Ivanhoe Mines has a 12-month low of $0.53 and a 12-month high of $2.54. The company has a market cap of $1.90 billion and a price-to-earnings ratio of 2.69. The firm’s 50-day moving average is $2.30 and its 200 day moving average is $1.65.

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