Canaccord Genuity analyst Dalton Baretto maintained a Buy rating on Ivanhoe Mines (OTC:IVPAF) on Tuesday, setting a price target of C$7, which is approximately 28.42% above the present share price of $4.12.
Baretto expects Ivanhoe Mines to post earnings per share (EPS) of $0.00 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Ivanhoe Mines, with an average price target of $5.
The analysts price targets range from a high of $6.8 to a low of $3.78.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $0 and a net profit of -$21.55 million. The company's market cap is $4.94 billion.
According to TipRanks.com, Canaccord Genuity analyst Dalton Baretto is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.0% and a 60.74% success rate.
Ivanhoe Mines Ltd. is a mining development company, which engages in the exploration and development of mineral properties. Its projects include Platreef Project, Kamao-Kakila Project, Western Foreland Project, and Kipushi Project. The company was founded by Robert Martin Friedland on April 29, 1993 and is headquartered in Vancouver, Canada.