Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.25 and traded as low as C$16.02. Ivanhoe Mines shares last traded at C$17.24, with a volume of 3,309,062 shares trading hands.
Analyst Upgrades and Downgrades
IVN has been the subject of several recent research reports. Scotiabank lifted their price target on Ivanhoe Mines from C$19.00 to C$23.00 and gave the company an "outperform" rating in a research report on Thursday, May 30th. Raymond James lifted their price target on Ivanhoe Mines from C$21.00 to C$24.00 and gave the company an "outperform" rating in a research report on Thursday, May 23rd. Royal Bank of Canada lifted their price target on Ivanhoe Mines from C$19.00 to C$22.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. Eight Capital lifted their price target on Ivanhoe Mines from C$19.00 to C$30.00 in a research report on Monday, April 22nd. Finally, BMO Capital Markets lifted their price target on Ivanhoe Mines from C$18.00 to C$22.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$24.20.
Check Out Our Latest Research Report on Ivanhoe Mines
Ivanhoe Mines Stock Performance
The company has a 50-day moving average of C$17.64 and a 200 day moving average of C$17.27. The company has a quick ratio of 20.86, a current ratio of 1.17 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of C$23.27 billion, a PE ratio of 107.75 and a beta of 1.93.
Insiders Place Their Bets
In other Ivanhoe Mines news, insider CITIC Metal Africa Investments Limited sold 11,810,800 shares of Ivanhoe Mines stock in a transaction dated Monday, June 17th. The stock was sold at an average price of C$17.41, for a total transaction of C$205,626,028.00. In other Ivanhoe Mines news, insider CITIC Metal Africa Investments Limited sold 11,810,800 shares of Ivanhoe Mines stock in a transaction dated Monday, June 17th. The stock was sold at an average price of C$17.41, for a total transaction of C$205,626,028.00. Also, Director Delphine Traoré purchased 5,704 shares of the company's stock in a transaction on Monday, June 17th. The shares were purchased at an average cost of C$17.40 per share, with a total value of C$99,249.60. Insiders sold a total of 12,064,614 shares of company stock valued at $210,024,706 over the last 90 days. Insiders own 45.18% of the company's stock.
About Ivanhoe Mines
(
Get Free Report)
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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