Ivanhoe Mines Ltd. (TSE:IVN) Director Sells C$51,968.00 in Stock

Ivanhoe Mines Ltd. (TSE:IVN) Director Martie Cloete sold 2,800 shares of Ivanhoe Mines stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$18.56, for a total value of C$51,968.00.

Ivanhoe Mines Price Performance

IVN stock traded down C$0.30 during trading on Tuesday, hitting C$18.03. 166,739 shares of the stock traded hands, compared to its average volume of 2,180,446. The stock has a market cap of C$24.34 billion, a price-to-earnings ratio of 114.56 and a beta of 1.94. The company has a 50 day simple moving average of C$18.75 and a 200 day simple moving average of C$18.51. The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24. Ivanhoe Mines Ltd. has a one year low of C$10.20 and a one year high of C$21.32.

Analyst Ratings Changes

A number of analysts recently issued reports on IVN shares. Canaccord Genuity Group lifted their price target on shares of Ivanhoe Mines from C$24.00 to C$25.00 in a research note on Monday, July 22nd. Royal Bank of Canada cut their target price on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. TD Securities upped their price target on Ivanhoe Mines from C$23.00 to C$25.00 in a research report on Monday, July 22nd. Finally, Scotiabank lifted their price objective on Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ivanhoe Mines currently has an average rating of “Buy” and an average target price of C$24.30.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.