Canaccord Genuity assumed coverage on shares of IVANHOE MINES LTD COM NPV CL'A' (OTCMKTS:IVPAF) in a research report released on Friday morning, The Fly reports. The brokerage issued a buy rating on the stock.

Shares of IVANHOE MINES LTD COM NPV CL'A' (OTCMKTS:IVPAF) opened at 1.77 on Friday. The company has a 50-day moving average price of $1.72 and a 200 day moving average price of $1.27. IVANHOE MINES LTD COM NPV CL'A' has a 52 week low of $0.36 and a 52 week high of $1.88. The stock has a market capitalization of $1.38 billion and a P/E ratio of 1.95.

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The Fly

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