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Ivanhoe Mines (TSE:IVN) target price raised to $5.00, reported today by CIBC World Markets

Yesterday Ivanhoe Mines (TSE:IVN) traded -4.03% lower at $4.05. The company’s 50-day moving average is $4.52 and its 200-day moving average is $4.45. The last stock close price is down -8.94% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 2,450,295 shares of the stock were exchanged, up from an average trading volume of 1,381,560

Ivanhoe Mines (TSE:IVN) had its target price raised to $5.00 by CIBC World Markets in a report released 9/15/2017. The new target price indicates a possible upside of 0.23% based on the company's last stock close price.

Previously on 6/06/2017, RBC Capital Markets reported about Ivanhoe Mines (TSE:IVN) raised the target price from $4.25 to $5.50. At the time, this indicated a possible upside of 0.32%.

See Chart Below

Ivanhoe Mines (TSE:IVN)

Ivanhoe Mines has a 52 week low of $1.86 and a 52 week high of $5.47 The company’s market cap is currently $0.

In addition to CIBC World Markets reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $3.02 with 2 firms rating the stock a strong buy, 3 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Ivanhoe Mines (TSE:IVN)

Ivanhoe Mines Ltd. is a mineral exploration and development company. The Company focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has four segments: the Platreef property, the Kamoa property and joint venture, the Kipushi property and treasury. The segments are engaged in the exploration and development of mineral properties in South Africa, the Democratic Republic of Congo (DRC) and the restoration of a mine in the DRC, respectively. Its projects include Kamoa Copper Project, Platreef Project and Kipushi Project. The Kamoa Copper Project is a copper deposit with adjacent prospective exploration areas within the Central African Copperbelt. The Platreef Project hosts an underground deposit of thick, platinum-group metals, nickel, copper and gold mineralization in the Northern Limb of the Bushveld Igneous Complex. The Kipushi Mine is located on the Central African Copperbelt in the Democratic Republic of Congo's southern Haut-Katanga province.

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