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

Ivanhoe Mines Ltd. (TSE:IVN) Senior Officer Chao (Peter) Zhou sold 4,800 shares of Ivanhoe Mines stock in a transaction on 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 Price Performance

IVN traded down C$0.01 on Wednesday, hitting C$18.69. 182,839 shares of the company’s stock traded hands, compared to its average volume of 2,175,246. The firm has a market cap of C$25.23 billion, a price-to-earnings ratio of 116.88 and a beta of 1.94. The company’s 50 day simple moving average is C$19.09 and its 200-day simple moving average is C$18.44. 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 one year low of C$10.79 and a one year high of C$21.32.

Analyst Ratings Changes

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