Analysis: Ivanhoe Mines Ltd (TSE:IVN) Stock Target Increased Today
In a very recent research note finalized by Raymond James on 4 December, the firm, Ivanhoe Mines Ltd (TSE:IVN), had their Estimated Target Price lowered to $1.50. Analusts presently have a solid Outperform rating on the stock.
The stock decreased 1.54% or $0.01 on December 4, striking $0.64. Approximately shares of stock traded hands. Ivanhoe Mines Ltd (TSE:IVN) has declined 46.22% since May 4, 2015 and is downtrending. It has underperformed by 45.14% the S&P500.
Ivanhoe Mines Ltd. is a Canada mineral exploration and development company, whose principal properties are located in Africa. The company has a market cap of $502.41 million. The Firm is engaged in the exploration within the Central African Copperbelt and the Bushveld Complex. It currently has negative earnings. The Company’s projects include Kamoa Project, Platreef Project and Kipushi Project.