The stock of Ivanhoe Mines Ltd (TSE:IVN) is a huge mover today! About 365,495 shares traded hands. Ivanhoe Mines Ltd (TSE:IVN) has risen 156.38% since April 18, 2016 and is uptrending. It has outperformed by 151.83% the S&P500.
The move comes after 9 months positive chart setup for the $1.82 billion company. It was reported on Nov, 22 by Barchart.com. We have $2.64 PT which if reached, will make TSE:IVN worth $145.60 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 -16.80% below today’s ($2.44) stock price. Ivanhoe Mines Ltd. has been the topic of 10 analyst reports since October 14, 2015 according to StockzIntelligence Inc. On Wednesday, December 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was maintained on Friday, September 23 by RBC Capital Markets. The stock of Ivanhoe Mines Ltd (TSE:IVN) earned “Outperform” rating by BMO Capital Markets on Tuesday, November 8. On Thursday, January 14 the stock rating was downgraded by BMO Capital Markets to “Market Perform (Speculative)”. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, February 25. RBC Capital Markets maintained Ivanhoe Mines Ltd (TSE:IVN) on Thursday, November 19 with “Outperform” rating. On Tuesday, January 26 the stock rating was maintained by RBC Capital Markets with “Outperform”.
More 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 Marketwatch.com published the news titled: “Ivanhoe Mines Ltd.” on November 21, 2013. Seekingalpha.com‘s news article titled: “Ivanhoe Mines Became A Billion Dollar Company” with publication date: September 08, 2016 was also an interesting one.
Ivanhoe Mines Ltd. is a mineral exploration and development company. The company has a market cap of $1.82 billion. The Firm focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has a 1.99 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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