Ivanhoe Mines Ltd. (TSE:IVN) Senior Officer Chao (Peter) Zhou Sells 4,800 Shares of Stock

Ivanhoe Mines Ltd. (TSE:IVN) Senior Officer Chao (Peter) Zhou sold 4,800 shares of the firm’s stock in a transaction dated 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 Performance

The firm’s 50 day moving average price is C$19.09 and its two-hundred day moving average price is C$18.44. The firm has a market capitalization of C$25.29 billion, a price-to-earnings ratio of 116.81 and a beta of 1.94. Ivanhoe Mines Ltd. has a 52-week low of C$10.79 and a 52-week high of C$21.32. The company has a current ratio of 1.17, a quick ratio of 20.86 and a debt-to-equity ratio of 4.24.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Scotiabank raised their price target 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. Royal Bank of Canada reduced their target price on shares of 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus 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.