Insider Selling: Ivanhoe Mines Ltd. (TSE:IVN) Director Sells 60,288 Shares of Stock

Ivanhoe Mines Ltd. (TSE:IVN) Director Jinghe Chen sold 60,288 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$19.00, for a total value of C$1,145,472.00.

Ivanhoe Mines Price Performance

The business has a 50 day simple moving average of C$19.09 and a 200 day simple moving average of C$18.44. Ivanhoe Mines Ltd. has a 1 year low of C$10.79 and a 1 year high of C$21.32. The company has a market capitalization of C$25.29 billion, a P/E ratio of 116.81 and a beta of 1.94. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.17 and a quick ratio of 20.86.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Scotiabank increased their target price 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. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price 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.