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Ivanhoe Mines (OTCMKTS:IVPAF) Downgraded by Raymond James Financial to Hold
Raymond James Financial has downgraded Ivanhoe Mines (OTCMKTS:IVPAF) from a “moderate buy” to a “hold” rating. This follows similar downgrades from other analysts like Jefferies Financial Group and Canaccord Genuity Group. The company’s stock opened at $7.58, with a market capitalization of $10.81 billion, and recently met analyst EPS estimates but missed revenue expectations.