CIBC Keeps a Hold Rating on Ivanhoe Mines Cl A (IVN)

Shares of Ivanhoe Mines Cl A (IVNResearch Report) were revisited by a Wall Street analyst yesterday. The company received a Hold rating from CIBC’s analyst Oscar Cabrera, with a C$2.50 price target.

According to TipRanks.com, Cabrera has currently no stars on a ranking scale of 0-5 stars, with an average return of -13.5% and a 34.2% success rate. Cabrera covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Capstone Mining Corp, and Hudbay Minerals Inc.

Currently, the analyst consensus on Ivanhoe Mines Cl A is a Moderate Buy with an average price target of C$4.75.

Ivanhoe Mines Cl A’s market cap is currently C$2.36B and has a P/E ratio of 8.2. The company has a Price to Book ratio of 0.98.

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 Monday at C$2.34, close to its 52-week low of C$2.

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