Ivanhoe Mines Ltd (TSE:IVN) Director Setha Patricia Makhesha sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of C$4.13, for a total value of C$165,200.00.
Setha Patricia Makhesha also recently made the following trade(s):
- On Friday, December 15th, Setha Patricia Makhesha sold 5,000 shares of Ivanhoe Mines stock. The shares were sold at an average price of C$4.20, for a total value of C$21,000.00.
Ivanhoe Mines Ltd (IVN) traded down C$0.03 during trading hours on Friday, reaching C$4.01. The company had a trading volume of 1,705,500 shares, compared to its average volume of 1,120,000. The stock has a market capitalization of $3,150.00, a price-to-earnings ratio of -66.83 and a beta of 0.89. Ivanhoe Mines Ltd has a 52-week low of C$3.01 and a 52-week high of C$5.47.
A number of research firms recently commented on IVN. Raymond James Financial upped their price objective on Ivanhoe Mines from C$6.00 to C$6.50 and gave the company an “outperform” rating in a report on Wednesday, November 29th. CIBC upped their price objective on Ivanhoe Mines from C$5.00 to C$5.50 in a report on Monday, November 13th. TD Securities restated a “speculative buy” rating and set a C$7.50 price target on shares of Ivanhoe Mines in a research note on Monday, November 13th. Canaccord Genuity upped their price target on Ivanhoe Mines from C$6.50 to C$7.75 in a research note on Wednesday, November 29th. Finally, BMO Capital Markets upped their price target on Ivanhoe Mines from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average 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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