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Ivanhoe Mines (TSX:IVN) to join MSCI Canada Index

Market News, Mining
TSX:IVN
12 May 2021 10:45 (EDT)
copper mining

Ivanhoe Mines (IVN) will be added to the MSCI Canada Index effective May 27, 2021.

First launched on Mar 31, 1986, the MSCI Canada Index is designed to measure the performance of the large and mid-cap segments of the Canadian market. Its 89 constituents cover approximately 85 per cent of the free float-adjusted market capitalization in Canada.

The index is reviewed quarterly—in February, May, August and November—and rebalanced semi-annually to reflect the change in the underlying equity market in a timely manner.

Ivanhoe Mines is a Canadian mining company focused on advancing its three joint ventures in Southern Africa: Kamoa-Kakula, Platreef and Kipushi.

Ivanhoe Mines (IVN) is down by 3.52 per cent and is currently trading at $9.04 per share as of 9:51 am ET.

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