Shares of Ivanhoe Mines Cl A (IVN) were revisited by a Wall Street analyst on May 8. Analyst Oscar Cabrera from CIBC rated Ivanhoe Mines Cl A (IVN) a Hold on May 8, setting a C$3.40 price target.
According to TipRanks.com, Cabrera is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.4% and a 35.6% success rate. Cabrera covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, First Quantum Minerals Ltd, and Teck Resources Limited.
Ivanhoe Mines Cl A has an analyst consensus of Moderate Buy, with a price target consensus of C$5.70.
The company has a one-year high of C$3.62 and a one-year low of C$2. Currently, Ivanhoe Mines Cl A has an average volume of 943K.
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 Friday at C$3.25.
