Ivanhoe Mines Cl A (TSX: IVN), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst Oscar Cabrera from CIBC remains neutral on the stock and has a C$2.90 price target.
According to TipRanks.com, Cabrera is ranked #4211 out of 4850 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ivanhoe Mines Cl A with a C$5.73 average price target.
The company has a one-year high of C$5.01 and a one-year low of C$2.08. Currently, Ivanhoe Mines Cl A has an average volume of 1.18M.
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 Wednesday at C$2.12, close to its 52-week low of C$2.08.
