The stock of Ivanhoe Mines Ltd (TSE:IVN) is a huge mover today! The stock last traded at $2.41 per share. It is down 186.90% since April 7, 2016 and is uptrending. It has outperformed by 180.76% the S&P500.
The move comes after 8 months positive chart setup for the $1.95B company. It was reported on Nov, 11 by Barchart.com. We have $3.45 PT which if reached, will make TSE:IVN worth $838.50 million more.
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 -15.77% below today’s ($2.41) stock price. Ivanhoe Mines Ltd. has been the topic of 10 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, November 8 by BMO Capital Markets. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, November 19. The stock of Ivanhoe Mines Ltd (TSE:IVN) has “Outperform” rating given on Thursday, February 25 by RBC Capital Markets. The company was maintained on Wednesday, December 9 by RBC Capital Markets. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, January 26. On Thursday, January 14 the stock rating was downgraded by BMO Capital Markets to “Market Perform (Speculative)”. The firm earned “Outperform” rating on Friday, September 23 by RBC Capital Markets.
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 $1.95 billion. The Firm focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has a 1.98 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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