Ivanhoe Mines Ltd. (TSE:IVN) Senior Officer Mary Vincelli Sells 3,600 Shares

Ivanhoe Mines Ltd. (TSE:IVNGet Free Report) Senior Officer Mary Vincelli sold 3,600 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$17.96, for a total value of C$64,639.80.

Ivanhoe Mines Stock Performance

Shares of TSE:IVN traded up C$0.80 during trading on Monday, reaching C$18.04. The stock had a trading volume of 1,771,939 shares, compared to its average volume of 2,334,654. The company has a quick ratio of 20.86, a current ratio of 0.42 and a debt-to-equity ratio of 18.77. The stock has a fifty day simple moving average of C$19.09 and a two-hundred day simple moving average of C$16.05. The firm has a market capitalization of C$22.91 billion, a price-to-earnings ratio of 92.58 and a beta of 1.98. Ivanhoe Mines Ltd. has a 52 week low of C$9.89 and a 52 week high of C$21.32.

Ivanhoe Mines (TSE:IVNGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.06). As a group, analysts anticipate that Ivanhoe Mines Ltd. will post 0.4653228 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of Ivanhoe Mines from C$17.00 to C$17.50 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Canaccord Genuity Group boosted their price objective on shares of Ivanhoe Mines from C$22.00 to C$24.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Raymond James raised their target price on Ivanhoe Mines from C$21.00 to C$24.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Bank of America upped their target price on Ivanhoe Mines from C$15.50 to C$21.00 in a research report on Tuesday, April 9th. Finally, Citigroup raised their price target on shares of Ivanhoe Mines from C$15.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$23.25.

Check Out Our Latest Stock Report on IVN

About Ivanhoe Mines

(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.

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Insider Buying and Selling by Quarter for Ivanhoe Mines (TSE:IVN)

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