RBC Capital Reaffirms Their Buy Rating on Ivanhoe Mines (IVPAF)
RBC Capital analyst Sam Crittenden maintained a Buy rating on Ivanhoe Mines on January 9 and set a price target of C$18.00.
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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.
Read More on IVPAF:
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- Ivanhoe Mines Advances Platreef Ramp-Up and Secures Funding for Major Expansion
- Ivanhoe Mines Starts First Anode Production at Africa’s Largest Copper Smelter
- Morgan Stanley downgrades Ivanhoe to Equal Weight, sees limited upside
- Ivanhoe Mines downgraded to Equal Weight from Overweight at Morgan Stanley
- Ivanhoe Mines downgraded to Hold from Buy at Jefferies
