In a new note to investors on January 7, an analyst has provided a rating update for Ivanhoe Mines Cl A (IVN). The company received a Buy on January 7 from Canaccord Genuity’s analyst Dalton Baretto, with a C$7 price target.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 3.1% and a 45.5% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Fortuna Silver Mines, and Hecla Mining Company.
Ivanhoe Mines Cl A has an analyst consensus of Moderate Buy, with a price target consensus of C$8.50.
Ivanhoe Mines Cl A’s market cap is currently C$2.43B and has a P/E ratio of 7.9. The company has a Price to Book ratio of 1.01.
Ivanhoe Mines Ltd. engages in the exploration and development of mineral properties. It explores for copper, nickel, gold, zinc, and platinum-group elements. The company was founded by Robert Martin Friedland on April 29, 1993 and is headquartered in Vancouver, Canada.
The company’s shares closed on Tuesday at C$2.41.
