The stock of Ivanhoe Mines Ltd (TSE:IVN) is a huge mover today! The stock last traded at $2.33 per share. It is down 167.82% since March 14, 2016 and is uptrending. It has outperformed by 162.27% the S&P500.
The move comes after 8 months positive chart setup for the $1.83B company. It was reported on Oct, 19 by Barchart.com. We have $2.82 PT which if reached, will make TSE:IVN worth $384.30 million more.
Ivanhoe Mines Ltd (TSE:IVN) Ratings Coverage
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. $3.20 is the highest target while $1.50 is the lowest. The $2.03 average target is -12.88% below today’s ($2.33) stock price. Ivanhoe Mines Ltd. has been the topic of 9 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The stock of Ivanhoe Mines Ltd (TSE:IVN) has “Outperform” rating given on Wednesday, December 9 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, February 25. RBC Capital Markets maintained Ivanhoe Mines Ltd (TSE:IVN) on Tuesday, January 26 with “Outperform” rating. The stock of Ivanhoe Mines Ltd (TSE:IVN) has “Outperform” rating given on Thursday, November 19 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, September 23 by RBC Capital Markets. On Thursday, January 14 the stock rating was downgraded by BMO Capital Markets to “Market Perform (Speculative)”.
More important recent Ivanhoe Mines Ltd (TSE:IVN) news were published by: Wsj.com which released: “Ivanhoe Mines to Seek Strategic Adviser After Unsolicited Interest” on August 29, 2016, also Seekingalpha.com published article titled: “Ivanhoe Mines Became A Billion Dollar Company”, Seekingalpha.com published: “Ivanhoe Mines: What About Getting World-Class Assets For Free ?” on February 03, 2016. More interesting news about Ivanhoe Mines Ltd (TSE:IVN) was released by: Wsj.com and their article: “Zijin Mining Group to Acquire 9.9% Stake in Ivanhoe Mines” with publication date: March 23, 2015.
Ivanhoe Mines Ltd. is a mineral exploration and development company. The company has a market cap of $1.83 billion. The Firm focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has a 1.97 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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