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 the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$18.56, for a total value of C$51,968.00.

Ivanhoe Mines Stock Down 2.2 %

Ivanhoe Mines stock opened at C$17.92 on Wednesday. The stock has a market cap of C$24.19 billion, a P/E ratio of 114.56 and a beta of 1.94. The company has a quick ratio of 20.86, a current ratio of 1.17 and a debt-to-equity ratio of 4.24. Ivanhoe Mines Ltd. has a twelve month low of C$10.20 and a twelve month high of C$21.32. The company’s 50-day moving average price is C$18.75 and its two-hundred day moving average price is C$18.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IVN shares. Royal Bank of Canada reduced 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. Canaccord Genuity Group increased their price objective on shares of Ivanhoe Mines from C$24.00 to C$25.00 in a research note on Monday, July 22nd. TD Securities increased their price objective on shares of Ivanhoe Mines from C$23.00 to C$25.00 in a research note on Monday, July 22nd. Finally, Scotiabank increased their price objective on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Ivanhoe Mines presently has an average 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.