Ivanhoe Mines (IVN) Given a C$8.00 Price Target at BMO Capital Markets

BMO Capital Markets set a C$8.00 price objective on Ivanhoe Mines (TSE:IVN) in a research report report published on Tuesday morning. The brokerage currently has an outperform rating on the stock.

IVN has been the topic of several other reports. Canaccord Genuity raised their price objective on Ivanhoe Mines from C$6.50 to C$7.75 in a research report on Wednesday, November 29th. TD Securities reissued a speculative buy rating and issued a C$7.50 price objective on shares of Ivanhoe Mines in a research report on Monday, November 13th. CIBC raised their price objective on Ivanhoe Mines from C$5.00 to C$5.50 in a research report on Monday, November 13th. Finally, Raymond James Financial raised their price objective on Ivanhoe Mines from C$6.00 to C$6.50 and gave the company an outperform rating in a research report on Wednesday, November 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of C$6.54.

Shares of Ivanhoe Mines (TSE:IVN) traded down C$0.07 on Tuesday, hitting C$3.94. The company had a trading volume of 2,215,997 shares, compared to its average volume of 1,224,398. The stock has a market cap of $3,240.00, a price-to-earnings ratio of -65.67 and a beta of 0.89. Ivanhoe Mines has a twelve month low of C$3.30 and a twelve month high of C$5.47.

Ivanhoe Mines (TSE:IVN) last issued its earnings results on Thursday, November 9th. The company reported C($0.02) earnings per share for the quarter.

In other Ivanhoe Mines news, Director Setha Patricia Makhesha sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of C$4.13, for a total value of C$165,200.00.

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Ivanhoe Mines Company Profile

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.

Analyst Recommendations for Ivanhoe Mines (TSE:IVN)

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