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 Ivanhoe Mines stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$18.56, for a total value of C$51,968.00.

Ivanhoe Mines Stock Performance

TSE IVN 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. The stock’s fifty day moving average is C$18.75 and its two-hundred day moving average is C$18.51. The firm has a market capitalization of C$23.67 billion, a P/E ratio of 109.56 and a beta of 1.94. Ivanhoe Mines Ltd. has a fifty-two week low of C$10.45 and a fifty-two week high of C$21.32.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IVN shares. Canaccord Genuity Group boosted their price objective on Ivanhoe Mines from C$24.00 to C$25.00 in a research report on Monday, July 22nd. Royal Bank of Canada lowered their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. TD Securities raised their target price on Ivanhoe Mines from C$23.00 to C$25.00 in a research report on Monday, July 22nd. Finally, Scotiabank boosted their price target 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, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$24.30.

About Ivanhoe Mines

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.