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TheStreet Wire

Ivanhoe Mines Stock Hits New 52-Week Low (IVN)

By TheStreet Wire 05/02/12 - 03:29 PM EDT

Find out if (IVN) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Ivanhoe Mines (NYSE:IVN) hit a new 52-week low Wednesday as it is currently trading at $11.11, below its previous 52-week low of $11.25 with 3.3 million shares traded as of 4:02 p.m. ET. Average volume has been 3.3 million shares over the past 30 days.

Ivanhoe Mines has a market cap of $8.66 billion and is part of the basic materials sector and metals & mining industry. Shares are down 35.2% year to date as of the close of trading on Tuesday.

Ivanhoe Mines Ltd., together with its subsidiaries, operates as a mineral exploration, development, and production company in central Asia and Australia.

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TheStreet Ratings rates Ivanhoe Mines as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and generally disappointing historical performance in the stock itself. You can view the full Ivanhoe Mines Ratings Report.

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