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 Ivanhoe Mines stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$19.00, for a total value of C$91,200.00.

Ivanhoe Mines Stock Up 1.2 %

Shares of TSE IVN opened at C$18.85 on Friday. The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24. The company has a market cap of C$25.45 billion, a price-to-earnings ratio of 117.81 and a beta of 1.94. Ivanhoe Mines Ltd. has a 12 month low of C$11.05 and a 12 month high of C$21.32. The stock has a 50-day moving average price of C$19.12 and a two-hundred day moving average price of C$18.43.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IVN shares. Scotiabank boosted their price target 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 dropped their price target 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ivanhoe Mines presently has an average rating of “Buy” and an average 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.