In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Ivanhoe Mines Cl A (TSX: IVN). BMO Capital’s analyst Andrew Mikitchook reiterates their Buy rating on the shares, with a C$9 price target.
According to TipRanks.com, Mikitchook is ranked #3053 out of 4881 analysts.
Currently, the analyst consensus on Ivanhoe Mines Cl A is a Moderate Buy with an average price target of C$5.30.
Ivanhoe Mines Cl A’s market cap is currently C$2.37B and has a P/E ratio of 10.9. The company has a Price to Book ratio of 1.44.
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$2.92.