The stock of Ivanhoe Mines Ltd (TSE:IVN) is a huge mover today! About 1.33 million shares traded hands. Ivanhoe Mines Ltd (TSE:IVN) has risen 168.24% since April 5, 2016 and is uptrending. It has outperformed by 163.45% the S&P500.
The move comes after 8 months negative chart setup for the $1.72B company. It was reported on Nov, 9 by Barchart.com. We have $2.07 PT which if reached, will make TSE:IVN worth $120.40 million less.
Ivanhoe Mines Ltd (TSE:IVN) Ratings Coverage
Out of 3 analysts covering Ivanhoe Mines Ltd. (TSE:IVN), 3 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 -8.97% below today’s ($2.23) stock price. Ivanhoe Mines Ltd. has been the topic of 10 analyst reports since October 14, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of IVN in a report on Thursday, November 19 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, December 9. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, February 25. BMO Capital Markets maintained the shares of IVN in a report on Tuesday, November 8 with “Outperform” rating. As per Tuesday, January 26, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, September 23. As per Thursday, January 14, the company rating was downgraded by BMO Capital Markets.
More notable recent Ivanhoe Mines Ltd (TSE:IVN) news were published by: Seekingalpha.com which released: “What Is Ivanhoe’s Kamoa-Kakula Really Worth?” on November 08, 2016, also Wsj.com with their article: “Ivanhoe Mines to Seek Strategic Adviser After Unsolicited Interest” published on August 29, 2016, Seekingalpha.com published: “Ivanhoe Mines Became A Billion Dollar Company” on September 08, 2016. More interesting news about Ivanhoe Mines Ltd (TSE:IVN) were released by: Wsj.com and their article: “Zijin Mining Group to Acquire 9.9% Stake in Ivanhoe Mines” published on March 23, 2015 as well as Seekingalpha.com‘s news article titled: “Ivanhoe Mines: What About Getting World-Class Assets For Free ?” with publication date: February 03, 2016.
Ivanhoe Mines Ltd. is a mineral exploration and development company. The company has a market cap of $1.72 billion. The Firm focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has a 1.86 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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