The stock of Ivanhoe Mines Ltd (TSE:IVN) is a huge mover today! About 2.22 million shares traded hands. Ivanhoe Mines Ltd (TSE:IVN) has risen 244.44% since February 5, 2016 and is uptrending. It has outperformed by 227.96% the S&P500.
The move comes after 7 months negative chart setup for the $1.81 billion company. It was reported on Sep, 13 by Barchart.com. We have $1.94 PT which if reached, will make TSE:IVN worth $90.50M less.
Out of 2 analysts covering Ivanhoe Mines Ltd. (TSE:IVN), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Ivanhoe Mines Ltd. has been the topic of 8 analyst reports since October 14, 2015 according to StockzIntelligence Inc.
Ivanhoe Mines Ltd. is a mineral exploration and development company. The company has a market cap of $1.81 billion. The Firm focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has a 1.73 P/E ratio. It has four divisions: the Platreef property, the Kamoa property and joint venture, the Kipushi property and treasury.
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