Stifel Nicolaus Reaffirms Their Buy Rating on Ivanhoe Mines (IVPAF)

In a report released today, Ralph M. Profiti from Stifel Nicolaus maintained a Buy rating on Ivanhoe Mines, with a price target of C$18.00.

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M. Profiti covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Teck Resources, and Ivanhoe Mines. According to TipRanks, M. Profiti has an average return of 14.6% and a 53.15% success rate on recommended stocks.

In a report released today, BMO Capital also maintained a Buy rating on the stock with a C$23.00 price target.

The company has a one-year high of C$20.77 and a one-year low of C$8.76. Currently, Ivanhoe Mines has an average volume of 3.9M.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IVPAF in relation to earlier this year.