RBC Capital Sticks to Their Buy Rating for Ivanhoe Mines Cl A

By Austin Angelo

Ivanhoe Mines Cl A (TSX: IVN), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from RBC Capital’s analyst Seth Weber, with a C$5.50 price target.

According to TipRanks.com, Weber is a 5-star analyst with an average return of 13.3% and a 69.1% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Mueller Water Products, and Illinois Tool Works.

Ivanhoe Mines Cl A has an analyst consensus of Strong Buy, with a price target consensus of C$6.50.

Ivanhoe Mines Cl A’s market cap is currently C$3.07B and has a P/E ratio of 0.

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 last Tuesday at $4.19.