Ivanhoe Mines (TSE:IVN) Price Target Increased to C$15.00 by Analysts at BMO Capital Markets

Ivanhoe Mines (TSE:IVN) had its target price increased by research analysts at BMO Capital Markets from C$10.00 to C$15.00 in a research report issued on Friday, Analyst Ratings Network reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 70.07% from the company’s current price.

IVN has been the topic of several other reports. TD Securities boosted their target price on Ivanhoe Mines from C$9.50 to C$11.50 and gave the company a “buy” rating in a research note on Thursday, May 27th. Raymond James boosted their price objective on shares of Ivanhoe Mines from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Scotiabank set a C$10.00 target price on shares of Ivanhoe Mines and gave the stock a “sector perform” rating in a research report on Monday, March 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$10.31.

Ivanhoe Mines stock traded up C$0.10 during trading hours on Friday, reaching C$8.82. The stock had a trading volume of 846,592 shares, compared to its average volume of 2,395,650. The company’s fifty day simple moving average is C$8.61. Ivanhoe Mines has a 52 week low of C$3.40 and a 52 week high of C$9.74. The stock has a market cap of C$10.65 billion and a PE ratio of 734.17. The company has a current ratio of 42.46, a quick ratio of 39.17 and a debt-to-equity ratio of 19.81.

Ivanhoe Mines (TSE:IVN) last posted its earnings results on Thursday, May 13th. The company reported C($0.03) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.03). Research analysts predict that Ivanhoe Mines will post 0.16 EPS for the current year.

About Ivanhoe Mines

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

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Analyst Recommendations for Ivanhoe Mines (TSE:IVN)

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