CIBC downgraded shares of Ivanhoe Mines (TSE:IVN) from an outperform rating to a neutral rating in a research report released on Thursday morning. They currently have C$4.00 price objective on the stock, down from their prior price objective of C$5.25.
IVN has been the subject of several other reports. Raymond James Financial boosted their price objective on shares of 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. Canaccord Genuity boosted their price objective on shares of Ivanhoe Mines from C$6.50 to C$7.75 in a research report on Wednesday, November 29th. BMO Capital Markets set a C$8.00 price objective on shares of Ivanhoe Mines and gave the company an outperform rating in a research report on Tuesday, January 16th. Finally, TD Securities restated a speculative buy rating and set a C$7.50 price objective on shares of Ivanhoe Mines in a research report on Monday, November 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Buy and an average price target of C$6.32.
Ivanhoe Mines (TSE:IVN) opened at C$3.07 on Thursday. Ivanhoe Mines has a 1 year low of C$3.06 and a 1 year high of C$5.47. The company has a market cap of $2,420.00, a P/E ratio of -51.17 and a beta of 0.75.
Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings data on Thursday, November 9th. The company reported C($0.02) EPS for the quarter.
In other news, Director Setha Patricia Makhesha sold 40,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of C$4.13, for a total transaction 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.
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