Ivanhoe Mines Ltd. (OTCMKTS:IVPAF – Get Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totalling 73,079,500 shares, a decline of 5.8% from the May 31st total of 77,597,800 shares. Based on an average daily trading volume, of 463,000 shares, the days-to-cover ratio is currently 157.8 days.
Ivanhoe Mines Price Performance
IVPAF stock opened at $12.97 on Wednesday. Ivanhoe Mines has a 12 month low of $7.13 and a 12 month high of $15.60. The firm has a 50 day moving average of $13.81 and a two-hundred day moving average of $12.01.
Analyst Upgrades and Downgrades
Separately, Raymond James boosted their price target on shares of Ivanhoe Mines from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th.
Ivanhoe Mines Company Profile
Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.
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