According to our CEO Technician, Ivanhoe Mines has a $3 short term technical target if shares in the African mine developer close above $2.50 today.

IVN.TO_10.28.2013

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Last week, Ivanhoe was upgraded by CIBC World Markets analyst Leon Esterhuizen from "sector perform" to "sector outperform" with a $4.50 price target.

Related: On Site Ivanhoe Mines, Africa

Disclosure: We are long IVN. These are the opinions of a market technician and not to be construed as professional or investment advice of any kind.