Insider Selling: Ivanhoe Mines Ltd. (TSE:IVN) Senior Officer Sells 4,800 Shares of Stock

Ivanhoe Mines Ltd. (TSE:IVN) Senior Officer Chao (Peter) Zhou sold 4,800 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$19.00, for a total transaction of C$91,200.00.

Ivanhoe Mines Price Performance

The company has a debt-to-equity ratio of 4.24, a current ratio of 1.17 and a quick ratio of 20.86. The business has a fifty day simple moving average of C$19.09 and a 200 day simple moving average of C$18.44. The stock has a market cap of C$25.29 billion, a price-to-earnings ratio of 116.81 and a beta of 1.94. Ivanhoe Mines Ltd. has a 12 month low of C$10.79 and a 12 month high of C$21.32.

Analyst Ratings Changes

Several research analysts recently weighed in on IVN shares. Scotiabank upped their price target 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 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 report on Tuesday, September 10th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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.