Royal Bank Of Canada Reiterates “Old Rating” Rating for Ivanhoe Mines Ltd (IVN)

Ivanhoe Mines Ltd (TSE:IVN)‘s stock had its “old rating” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report released on Thursday, reports.

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

Ivanhoe Mines (TSE:IVN) opened at 2.33 on Thursday. Ivanhoe Mines has a 1-year low of $0.53 and a 1-year high of $2.40. The company has a 50 day moving average of $2.08 and a 200 day moving average of $1.35. The firm has a market capitalization of $1.81 billion and a PE ratio of 2.55.

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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