Chao (Peter) Zhou Sells 4,800 Shares of Ivanhoe Mines Ltd. (TSE:IVN) Stock

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

Ivanhoe Mines Price Performance

Shares of TSE IVN opened at C$18.63 on Friday. The stock has a market cap of C$25.15 billion, a P/E ratio of 116.44 and a beta of 1.94. The firm’s 50-day simple moving average is C$19.10 and its 200 day simple moving average is C$18.43. Ivanhoe Mines Ltd. has a fifty-two week low of C$10.93 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.

Analyst Upgrades and Downgrades

IVN has been the topic of a number of recent research reports. Scotiabank raised their target price on Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada cut their price objective on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ivanhoe Mines 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.