August 29, 2016 / 4:41 PM / in a year

BUZZ-Canada's Ivanhoe Mines jumps on 'expressions of interest'

** Canadian miner’s shares up 13.2 pct at C$1.89; Stock rose as much as 15.6 pct, biggest intraday gain in nearly a year

** Ivanhoe Mines says companies from Asia, Europe, Africa and elsewhere have expressed interest in the copper company and its projects in recent months

** Company to hire an investment bank for advice on the unsolicited interest and to advise its board on all available alternatives

** 3 of 6 brokerages rate the stock “buy” or higher, 3 “hold”; their median PT is C$1.30

** Stock had risen nearly 174 pct this year through Friday, valuing the company at about C$1.30 bln (nearly $1 bln)

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