The stock of Ivanhoe Mines Ltd (TSE:IVN) is a huge mover today! About 570,331 shares traded hands. Ivanhoe Mines Ltd (TSE:IVN) has risen 143.37% since March 24, 2016 and is uptrending. It has outperformed by 139.90% the S&P500.
The move comes after 9 months positive chart setup for the $1.67B company. It was reported on Oct, 31 by Barchart.com. We have $2.53 PT which if reached, will make TSE:IVN worth $367.40M 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 -1.93% below today’s ($2.07) 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 “Market Perform (Speculative)” rating given on Thursday, January 14 by BMO Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 25 report. The firm has “Outperform” rating given on Friday, September 23 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, December 9 with “Outperform”. On Thursday, November 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Outperform” rating on Tuesday, January 26 by RBC Capital Markets.
More notable recent Ivanhoe Mines Ltd (TSE:IVN) news were published by: Seekingalpha.com which released: “Ivanhoe Mines Became A Billion Dollar Company” on September 08, 2016, also Wsj.com with their article: “Ivanhoe Mines to Seek Strategic Adviser After Unsolicited Interest” published on August 29, 2016, Wsj.com published: “Zijin Mining Group to Acquire 9.9% Stake in Ivanhoe Mines” on March 23, 2015. More interesting news about Ivanhoe Mines Ltd (TSE:IVN) were released by: Seekingalpha.com and their article: “Ivanhoe Mines: What About Getting World-Class Assets For Free ?” published on February 03, 2016 as well as Business.Financialpost.com‘s news article titled: “Barrick Gold Corp, Ivanhoe Mines Ltd sell stakes to China’s Zijin in Papua New …” with publication date: May 26, 2015.
Ivanhoe Mines Ltd. is a mineral exploration and development company. The company has a market cap of $1.67 billion. The Firm focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has a 1.7 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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