Ivanhoe Mines ( IVN) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day up 0.5%. By the end of trading, Ivanhoe Mines fell 98 cents (-9.4%) to $9.44 on average volume. Throughout the day, 5.4 million shares of Ivanhoe Mines exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in price between $9.36-$9.93 after having opened the day at $9.84 as compared to the previous trading day's close of $10.42. Other company's within the Metals & Mining industry that declined today were: China Natural Resources ( CHNR), down 28.8%, Great Basin Gold ( GBG), down 13.6%, Golden Star Resources ( GSS), down 12.8%, and International Tower Hill Mines ( THM), down 12.5%. Ivanhoe Mines Ltd., together with its subsidiaries, operates as a mineral exploration, development, and production company in central Asia and Australia. Ivanhoe Mines has a market cap of $7.67 billion and is part of the basic materials sector. Shares are down 44.6% year to date as of the close of trading on Thursday. Currently there are three analysts that rate Ivanhoe Mines a buy, one analyst rates it a sell, and one rates it a hold. TheStreet Ratings rates Ivanhoe Mines as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.
Ivanhoe Mines (NYSE:IVN) hit a new 52-week low Thursday as it is currently trading at $8.22, below its previous 52-week low of $8.39 with 614,622 shares traded as of 10:10 a.m. ET. Average volume has been 4.2 million shares over the past 30 days.