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

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 transaction of C$51,968.00.

Ivanhoe Mines Stock Down 2.2 %

Shares of IVN stock opened at C$17.53 on Thursday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 20.86 and a current ratio of 1.17. Ivanhoe Mines Ltd. has a fifty-two week low of C$10.45 and a fifty-two week high of C$21.32. The firm has a market capitalization of C$23.67 billion, a PE ratio of 109.56 and a beta of 1.94. The stock’s 50-day simple moving average is C$18.75 and its 200-day simple moving average is C$18.51.

Analyst Ratings Changes

IVN has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price objective 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 lifted their price objective 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. Canaccord Genuity Group increased their target price on shares of Ivanhoe Mines from C$24.00 to C$25.00 in a research report on Monday, July 22nd. Finally, TD Securities lifted their price target on shares of Ivanhoe Mines from C$23.00 to C$25.00 in a report on Monday, July 22nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.