Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) Director Martie Cloete sold 2,800 shares of the firm's stock in a transaction 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 Price Performance
Shares of TSE:IVN traded down C$0.41 during trading on Tuesday, reaching C$17.92. 1,681,288 shares of the company's stock traded hands, compared to its average volume of 2,187,938. The firm has a market cap of C$24.19 billion, a PE 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. Ivanhoe Mines Ltd. has a fifty-two week low of C$10.20 and a fifty-two week high of C$21.32. The company has a quick ratio of 20.86, a current ratio of 1.17 and a debt-to-equity ratio of 4.24.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on IVN. Scotiabank boosted their target price 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. Canaccord Genuity Group raised their price objective on shares of Ivanhoe Mines from C$24.00 to C$25.00 in a research report on Monday, July 22nd. TD Securities upped their price objective on shares of Ivanhoe Mines from C$23.00 to C$25.00 in a report on Monday, July 22nd. Finally, Royal Bank of Canada decreased 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 report on Tuesday, September 10th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$24.30.
View Our Latest Stock Report on IVN
About Ivanhoe Mines
(
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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.
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