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

Ivanhoe Mines Ltd. (TSE:IVN) Director Jinghe Chen sold 60,288 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$19.00, for a total value of C$1,145,472.00.

Ivanhoe Mines Stock Down 0.2 %

TSE:IVN traded down C$0.03 on Wednesday, hitting C$18.67. The stock had a trading volume of 281,183 shares, compared to its average volume of 2,175,577. The business’s fifty day moving average is C$19.09 and its 200 day moving average is C$18.44. The company has a market cap of C$25.20 billion, a PE ratio of 116.81 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 52 week low of C$10.79 and a 52 week high of C$21.32.

Analysts Set New Price Targets

IVN has been the subject of several research analyst reports. Royal Bank of Canada reduced their target price on 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. Scotiabank boosted their price objective on 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. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average 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.