Ivanhoe Mines Ltd (IVN) Rating Reiterated by Royal Bank Of Canada

Ivanhoe Mines Ltd (TSE:IVN)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Friday, StockTargetPrices.com reports.

Separately, Raymond James Financial Inc. boosted their price objective on shares of Ivanhoe Mines from C$1.60 to C$2.25 in a report on Monday, August 15th.

Ivanhoe Mines (TSE:IVN) opened at 2.30 on Friday. The stock has a market cap of $1.79 billion and a price-to-earnings ratio of 2.52. Ivanhoe Mines has a 12 month low of $0.53 and a 12 month high of $2.31. The stock’s 50 day moving average price is $1.85 and its 200-day moving average price is $1.23.

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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