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

Posted by Joseph Casey on Nov 27th, 2024

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

Ivanhoe Mines Stock Performance

TSE:IVN traded down C$0.03 during trading hours on Wednesday, reaching C$18.67. The stock had a trading volume of 281,183 shares, compared to its average volume of 2,175,577. 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 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 12-month low of C$10.79 and a 12-month high of C$21.32. The stock has a market cap of C$25.20 billion, a P/E ratio of 116.81 and a beta of 1.94.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on IVN shares. Royal Bank of Canada dropped their target price 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. Scotiabank increased their price target on Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$24.30.

Read Our Latest Analysis on Ivanhoe Mines

Ivanhoe Mines Company Profile

(Get Free Report)

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.