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

Ivanhoe Mines Ltd. (TSE:IVN) Director Jinghe Chen sold 60,288 shares of the stock in a transaction 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

The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24. Ivanhoe Mines Ltd. has a twelve month low of C$10.79 and a twelve month high of C$21.32. The firm has a market cap of C$25.29 billion, a P/E ratio of 116.81 and a beta of 1.94. The business’s 50-day moving average is C$19.09 and its 200-day moving average is C$18.44.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank of Canada cut their price objective on Ivanhoe Mines from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Scotiabank upped their price target on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target 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.