What’s Ahead for Ivanhoe Mines Ltd After Today’s Huge Decline?

 What's Ahead for Ivanhoe Mines Ltd After Today's Huge Decline?

The stock of Ivanhoe Mines Ltd (TSE:IVN) is a huge mover today! About 871,031 shares traded hands. Ivanhoe Mines Ltd (TSE:IVN) has risen 134.29% since April 21, 2016 and is uptrending. It has outperformed by 128.88% the S&P500.
The move comes after 6 months negative chart setup for the $1.87 billion company. It was reported on Nov, 25 by Barchart.com. We have $2.27 PT which if reached, will make TSE:IVN worth $93.50 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 -15.06% below today’s ($2.39) stock price. Ivanhoe Mines Ltd. has been the topic of 10 analyst reports since October 14, 2015 according to StockzIntelligence Inc. As per Tuesday, January 26, the company rating was maintained by RBC Capital Markets. The stock of Ivanhoe Mines Ltd (TSE:IVN) has “Outperform” rating given on Thursday, February 25 by RBC Capital Markets. RBC Capital Markets maintained the shares of IVN in a report on Friday, September 23 with “Outperform” rating. BMO Capital Markets downgraded the shares of IVN in a report on Thursday, January 14 to “Market Perform (Speculative)” rating. BMO Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 8 report. The firm has “Outperform” rating given on Wednesday, December 9 by RBC Capital Markets. The company was maintained on Thursday, November 19 by RBC Capital Markets.

More important recent Ivanhoe Mines Ltd (TSE:IVN) news were published by: Marketwatch.com which released: “Ivanhoe Mines Ltd.” on November 21, 2013, also Wsj.com published article titled: “Ivanhoe Mines to Seek Strategic Adviser After Unsolicited Interest”, Seekingalpha.com published: “Ivanhoe Mines Became A Billion Dollar Company” on September 08, 2016. More interesting news about Ivanhoe Mines Ltd (TSE:IVN) was released by: Marketwired.com and their article: “Ivanhoe Mines Conference Call on November 28 to Provide Investors and Analysts …” with publication date: November 22, 2016.

Ivanhoe Mines Ltd. is a mineral exploration and development company. The company has a market cap of $1.87 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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