Canaccord Genuity Believes Ivanhoe Mines Cl A (IVN) Won’t Stop Here


The Materials sector company, Ivanhoe Mines Cl A (IVN), has received a rating update from a Wall Street analyst today. The company received a Buy rating from Canaccord Genuity’s analyst Dalton Baretto, with a C$8 price target.

According to TipRanks.com, Baretto is a 4-star analyst with an average return of 5.5% and a 47.4% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, First Quantum Minerals Ltd, and Teck Resources Limited.

Currently, the analyst consensus on Ivanhoe Mines Cl A is a Moderate Buy with an average price target of C$5.43.

The company has a one-year high of C$3.59 and a one-year low of C$2. Currently, Ivanhoe Mines Cl A has an average volume of 926.2K.

Ivanhoe Mines Ltd. is a mining development company, which engages in the exploration and development of mineral properties. Its projects include Platreef Project, Kamao-Kakila Project, Western Foreland Project, and Kipushi Project. The company was founded by Robert Martin Friedland on April 29, 1993 and is headquartered in Vancouver, Canada.

The company’s shares closed on Thursday at C$3.50, close to its 52-week high of C$3.59.

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