Skip to main content

RBC Capital Reaffirms Their Buy Rating on Ivanhoe Mines (IVPAF)

Tipranks - Tue Jan 13, 9:04PM CST

RBC Capital analyst Sam Crittenden maintained a Buy rating on Ivanhoe Mines on January 9 and set a price target of C$18.00.

Claim 70% Off TipRanks Premium

Crittenden covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Freeport-McMoRan, and Lundin Mining. According to TipRanks, Crittenden has an average return of 29.4% and a 68.12% success rate on recommended stocks.

In addition to RBC Capital, Ivanhoe Mines also received a Buy from TipRanks – PerPlexity’s PerPlexity Industrial Materials in a report issued on January 4. However, on January 5, TipRanks – Google initiated coverage with a Hold rating on Ivanhoe Mines (Other OTC: IVPAF).

The company has a one-year high of C$17.47 and a one-year low of C$8.76. Currently, Ivanhoe Mines has an average volume of 3.58M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IVPAF in relation to earlier this year.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.