Ivanhoe Mines Ltd. (TSE:IVN) Director Martie Cloete Sells 2,800 Shares

Ivanhoe Mines Ltd. (TSE:IVN) Director Martie Cloete sold 2,800 shares of the business’s stock in a transaction that occurred on 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 Performance

Shares of Ivanhoe Mines stock opened at C$17.92 on Wednesday. The firm has a fifty day moving average of C$18.75 and a two-hundred day moving average of C$18.51. The stock has a market capitalization of C$24.19 billion, a price-to-earnings ratio of 114.56 and a beta of 1.94. Ivanhoe Mines Ltd. has a 52 week low of C$10.20 and a 52 week high of C$21.32. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IVN. Royal Bank of Canada reduced their target price on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Scotiabank boosted their target price on Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Canaccord Genuity Group boosted their target price on Ivanhoe Mines from C$24.00 to C$25.00 in a report on Monday, July 22nd. Finally, TD Securities upped their price objective on Ivanhoe Mines from C$23.00 to C$25.00 in a report on Monday, July 22nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.