TD Securities Upgrades Ivanhoe Mines (IVN) to Hold; New Money, CEO & Board
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Price: $9.04 --0%
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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TD Securities upgraded Ivanhoe Mines (NYSE: IVN) from Reduce to Hold, price target cut from C$12.50 to C$12.
Analyst, Craig Miller, said, "Ivanhoe Mines announced that it has agreed to a rights offering to common shareholders for approximately $1.8 billion in gross proceeds at a subscription price of C$8.34. The rights offering is part of a broader agreement with Rio Tinto which includes financing and project commitments by Rio Tinto and concessions by Ivanhoe, including senior management and director changes, and the issuance of new warrants to Rio Tinto...The company held a conference call later in the day, chaired by the company’s interim CEO Kay Priestly and interim chairman, Michael Gordon."
For an analyst ratings summary and ratings history on Ivanhoe Mines click here. For more ratings news on Ivanhoe Mines click here.
Shares of Ivanhoe Mines closed at $13.64 yesterday.
Analyst, Craig Miller, said, "Ivanhoe Mines announced that it has agreed to a rights offering to common shareholders for approximately $1.8 billion in gross proceeds at a subscription price of C$8.34. The rights offering is part of a broader agreement with Rio Tinto which includes financing and project commitments by Rio Tinto and concessions by Ivanhoe, including senior management and director changes, and the issuance of new warrants to Rio Tinto...The company held a conference call later in the day, chaired by the company’s interim CEO Kay Priestly and interim chairman, Michael Gordon."
For an analyst ratings summary and ratings history on Ivanhoe Mines click here. For more ratings news on Ivanhoe Mines click here.
Shares of Ivanhoe Mines closed at $13.64 yesterday.
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