IVN.TO stock C$15.11 on 24 Feb 2026: TSX most active with 7.85M shares, watch smelter ramp
Ivanhoe Mines Ltd. (IVN.TO stock) closed the TSX session on 24 Feb 2026 at C$15.11, trading 7,846,932 shares as the market closed and ranking among the day’s most active Canadian listings. Volume ran nearly twice the average at a relative volume of 1.93, driven by Kamoa-Kakula smelter ramp comments and strong operational updates from the Q4 call. Market participants priced in short-term supply changes while watching guidance for 2026 copper and zinc output, making IVN.TO stock a high-liquidity play on global base-metals trends
IVN.TO stock: Market snapshot and intraday action
IVN.TO stock finished the day at C$15.11, up C$0.06 (+0.40%) from the prior close on the TSX in Canada. The session high was C$15.45 and the low was C$14.78.
Trading showed 7,846,932 shares versus an average volume of 4,056,027, producing a strong intraday liquidity signal for active traders and institutional flows.
IVN.TO stock: Recent operational news driving the move
Ivanhoe’s Q4 and 2025 highlights highlighted a smelter ramp at Kamoa-Kakula, stronger Kipushi zinc output, and Platreef starting production, which supported trading interest. The company reported ~400,000 tonnes of copper in 2025 and said the new smelter was operating at over 60.00% capacity source.
Market commentary also referenced third-party consensus pages and price targets that increased attention on the name source.
IVN.TO stock: Financials and valuation metrics
On fundamentals IVN.TO shows EPS C$0.30 and a trailing P/E of 50.37 on the TSX, with book value per share of C$4.01 and a price-to-book near 2.68. Enterprise-value measures are elevated, with EV/EBITDA around 172.31 reflecting capital intensity and early-stage cash generation.
Cash and liquidity remain notable: consolidated cash was reported at C$885.00M, shares outstanding are 1,419,623,518, and consolidated net-debt-to-EBITDA was about 2.10x, supporting near-term funding of expansions.
IVN.TO stock: Technicals and trading setup
Technical momentum is mixed: RSI 40.59 suggests the stock is below neutral, MACD histogram at -0.33 flags short-term bearish momentum, and Bollinger lower band sits near C$14.77, giving a floor reference. The 50-day moving average is C$16.15 and the 200-day is C$13.42.
Price action shows near-term support at the session low C$14.78 and immediate resistance near the session high C$15.45, with ATR C$1.02 implying wider intraday swings for traders.
IVN.TO stock: Meyka grade and model forecasts
Meyka AI rates IVN.TO with a score out of 100: 63.80 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a quarterly price of C$15.83 and a yearly price of C$12.82. Compared with the current price C$15.11, the quarterly projection implies a +4.77% upside while the yearly projection implies -15.16% downside. Forecasts are model-based projections and not guarantees.
IVN.TO stock: Risks, catalysts and sector context
Key catalysts include continued smelter ramp at Kamoa-Kakula, higher 2026 copper sales guidance, and Platreef Phase II progress; these could support earnings and re-rate IVN.TO stock if realized. Kipushi’s higher zinc guidance is a near-term cash flow driver.
Principal risks: commodity-price swings, operational incidents (a fatal incident was reported at Kamoa-Kakula during maintenance), logistics and treatment charge variability, and elevated valuation multiples versus sector averages. The Basic Materials sector shows higher volatility but also multi-quarter production catalysts.
Final Thoughts
IVN.TO stock closed the TSX session on 24 Feb 2026 at C$15.11 with active volume of 7,846,932, underlining the security’s high liquidity and investor focus after Ivanhoe’s operational updates. Short-term trading interest is driven by the Kamoa-Kakula smelter ramp, Kipushi zinc improvements, and Platreef moving into production—each a clear catalyst for revenue and margin expansion. Valuation remains rich with a trailing P/E of 50.37 and elevated EV/EBITDA, so upside depends on execution and commodity prices. Meyka AI’s models show a near-term quarterly projection of C$15.83 (+4.77%) and a 12-month projection of C$12.82 (-15.16%), highlighting scenario-driven outcomes. Investors should weigh production upside and cash on hand (C$885.00M) against operational and macro risks; watch the next earnings event and guidance on 06 May 2026 for fresh catalysts. Meyka AI, our AI-powered market analysis platform, recommends monitoring IVN.TO stock for event-driven trading while treating model forecasts as probabilistic, not guaranteed.
FAQs
What drove IVN.TO stock’s volume surge today?
IVN.TO stock volume rose to 7,846,932 on 24 Feb 2026 after Q4 details showed a smelter ramp at Kamoa-Kakula, strong Kipushi output and Platreef production start, drawing both institutional and retail activity.
How does Meyka grade IVN.TO stock?
Meyka AI rates IVN.TO with a score out of 100: 63.80, Grade B, Suggestion HOLD. The grade blends benchmark and sector comparisons, growth metrics, forecasts and analyst signals.
What are the key price forecasts for IVN.TO stock?
Meyka AI’s forecast model projects a quarterly price of C$15.83 (+4.77% vs C$15.11) and a yearly price of C$12.82 (-15.16%). Forecasts are model-based and not guarantees.
Which metrics should I watch for IVN.TO stock updates?
Monitor realized copper price, payable tonnes sold, cash costs per pound, quarterly EBITDA, and cash balances. Also watch technical levels: support C$14.77 and resistance C$15.45 for IVN.TO stock.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.