RBC Capital reissued their outperform rating on shares of Ivanhoe Mines Ltd (TSE:IVN) in a report issued on Tuesday, StockTargetPrices.com reports.

IVN has been the topic of a number of other research reports. BMO Capital Markets downgraded Ivanhoe Mines to a market perform (speculative) rating in a report on Thursday, January 14th. CIBC reduced their target price on Ivanhoe Mines from C$4.00 to C$3.20 in a report on Wednesday, October 14th. Finally, Raymond James reduced their target price on Ivanhoe Mines from C$2.00 to C$1.50 and set an outperform rating on the stock in a report on Friday, December 4th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$1.78.

Shares of Ivanhoe Mines (TSE:IVN) opened at 0.63 on Tuesday. The company’s 50 day moving average price is $0.60 and its 200-day moving average price is $0.68. Ivanhoe Mines has a 12 month low of $0.53 and a 12 month high of $1.36. The stock has a market capitalization of $1.27 billion and a P/E ratio of 4.50.

Ivanhoe Mines Ltd. (TSE:IVN) is a Canada-based mineral exploration and development company, whose principal properties are located in Africa. The Company is engaged in the exploration within the Central African Copperbelt and the Bushveld Complex. The Company’s projects include Kamoa Project, Platreef Project and Kipushi Project. The Company’s Kamoa Project is a copper deposit located in the Central African Copperbelt, in Katanga Province, DRC. The Company’s Platreef Project is a PGE, gold, nickel and copper deposit located on the northern limb of the Bushveld Complex, in South Africa. The Company’s Kipushi Project is underground zinc and copper mine in the Central African Copperbelt, in Katanga Province, DRC. The Company also holds interests in mineral properties in the DRC and Gabon, including a land package of approximately 1,600 square kilometers in the Central African Copperbelt.

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