Ivanhoe Mines Ltd. (TSE:IVN) Director Jinghe Chen Sells 60,288 Shares

Ivanhoe Mines Ltd. (TSE:IVN) Director Jinghe Chen sold 60,288 shares of Ivanhoe Mines stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$19.00, for a total transaction of C$1,145,472.00.

Ivanhoe Mines Stock Performance

IVN opened at C$18.63 on Friday. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.17 and a quick ratio of 20.86. The firm has a fifty day moving average price of C$19.10 and a 200 day moving average price of C$18.43. Ivanhoe Mines Ltd. has a 1 year low of C$10.93 and a 1 year high of C$21.32. The stock has a market cap of C$25.15 billion, a P/E ratio of 116.44 and a beta of 1.94.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank lifted their price objective on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada decreased their price objective 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.