Raymond James Raises Ivanhoe Mines (OTCMKTS:IVPAF) Price Target to C$12.50

Ivanhoe Mines (OTCMKTS:IVPAF) had its price target upped by equities researchers at Raymond James from C$12.00 to C$12.50 in a report released on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the stock.

Separately, TD Securities raised their price objective on shares of Ivanhoe Mines from C$9.50 to C$11.50 and gave the company a “buy” rating in a research note on Thursday, May 27th.

OTCMKTS:IVPAF opened at $7.20 on Wednesday. Ivanhoe Mines has a 1 year low of $2.47 and a 1 year high of $8.03. The business has a fifty day simple moving average of $7.03.

About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.

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