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

Ivanhoe Mines Ltd. (TSE:IVN) Director Jinghe Chen sold 60,288 shares of the firm’s stock in a transaction dated 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 Down 0.5 %

TSE:IVN opened at C$18.63 on Friday. The company has a market cap of C$25.15 billion, a PE ratio of 116.44 and a beta of 1.94. Ivanhoe Mines Ltd. has a twelve month low of C$10.93 and a twelve month high of C$21.32. The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24. The company’s 50 day moving average is C$19.10 and its two-hundred day moving average is C$18.43.

Wall Street Analyst Weigh In

IVN has been the topic of a number of analyst reports. Scotiabank lifted 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 report on Tuesday, October 8th. Royal Bank of Canada cut their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$24.30.

About Ivanhoe Mines

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.