Ivanhoe Mines Ltd (TSE:IVN) Director Setha Patricia Makhesha sold 5,000 shares of Ivanhoe Mines stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$4.20, for a total transaction of C$21,000.00.
Setha Patricia Makhesha also recently made the following trade(s):
- On Monday, December 18th, Setha Patricia Makhesha sold 40,000 shares of Ivanhoe Mines stock. The stock was sold at an average price of C$4.13, for a total transaction of C$165,200.00.
Ivanhoe Mines Ltd (TSE:IVN) traded up C$0.17 on Thursday, reaching C$4.19. 2,334,008 shares of the company traded hands, compared to its average volume of 1,045,655. Ivanhoe Mines Ltd has a 1-year low of C$2.96 and a 1-year high of C$5.47. The company has a market capitalization of $3,310.00, a PE ratio of -69.83 and a beta of 0.89.
A number of research firms have recently issued reports on IVN. Raymond James Financial boosted their target price on shares of Ivanhoe Mines from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Wednesday, November 29th. Canaccord Genuity boosted their target price on shares of Ivanhoe Mines from C$6.50 to C$7.75 in a report on Wednesday, November 29th. CIBC boosted their target price on shares of Ivanhoe Mines from C$5.00 to C$5.50 in a report on Monday, November 13th. BMO Capital Markets lifted their price objective on shares of Ivanhoe Mines from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. Finally, TD Securities reaffirmed a “speculative buy” rating and set a C$7.50 price objective on shares of Ivanhoe Mines in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$6.54.
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Ivanhoe Mines Company Profile
Ivanhoe Mines Ltd. is a mineral exploration and development company. The Company focuses on exploration within the Central African Copperbelt and the Bushveld Complex. It has four segments: the Platreef property, the Kamoa property and joint venture, the Kipushi property and treasury. The segments are engaged in the exploration and development of mineral properties in South Africa, the Democratic Republic of Congo (DRC) and the restoration of a mine in the DRC, respectively.
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