Ivanhoe Mines Ltd Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

 Ivanhoe Mines Ltd Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of Ivanhoe Mines Ltd (TSE:IVN) hit a new 52-week high and has $3.63 target or 53.00% above today’s $2.37 share price. The 7 months bullish chart indicates low risk for the $1.92B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $3.63 price target is reached, the company will be worth $1.02 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.07M shares traded hands. Ivanhoe Mines Ltd (TSE:IVN) has risen 186.90% since April 7, 2016 and is uptrending. It has outperformed by 180.76% the S&P500.

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 -14.35% below today’s ($2.37) stock price. Ivanhoe Mines Ltd. has been the topic of 10 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The firm has “Market Perform (Speculative)” rating given on Thursday, January 14 by BMO Capital Markets. The firm has “Outperform” rating given on Tuesday, November 8 by BMO Capital Markets. RBC Capital Markets maintained Ivanhoe Mines Ltd (TSE:IVN) on Wednesday, December 9 with “Outperform” rating. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, January 26. The rating was maintained by RBC Capital Markets on Thursday, November 19 with “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 23. On Thursday, February 25 the stock rating was maintained by RBC Capital Markets with “Outperform”.

More important 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 published article titled: “Ivanhoe Mines to Seek Strategic Adviser After Unsolicited Interest”, Seekingalpha.com published: “What Is Ivanhoe’s Kamoa-Kakula Really Worth?” on November 08, 2016. More interesting news about Ivanhoe Mines Ltd (TSE:IVN) was released by: Marketwatch.com and their article: “Ivanhoe Mines Ltd.” with publication date: November 21, 2013.

Ivanhoe Mines Ltd. is a mineral exploration and development company. The company has a market cap of $1.92 billion. The Firm focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has a 1.95 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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