Setha Patricia Makhesha Sells 5,200 Shares of Ivanhoe Mines (TSE:IVN) Stock

Ivanhoe Mines Ltd. (TSE:IVN) Director Setha Patricia Makhesha sold 5,200 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$11.45, for a total value of C$59,540.00. Following the completion of the sale, the director owned 77,922 shares of the company’s stock, valued at C$892,206.90. This trade represents a 6.26% decrease in their ownership of the stock.

Setha Patricia Makhesha also recently made the following trade(s):

• On Thursday, May 21st, Setha Patricia Makhesha sold 3,900 shares of Ivanhoe Mines stock. The shares were sold at an average price of C$11.46, for a total value of C$44,694.00.
• On Thursday, May 21st, Setha Patricia Makhesha sold 300 shares of Ivanhoe Mines stock. The shares were sold at an average price of C$11.46, for a total transaction of C$3,438.00.
• On Thursday, May 21st, Setha Patricia Makhesha sold 600 shares of Ivanhoe Mines stock. The stock was sold at an average price of C$11.47, for a total transaction of C$6,882.00.

Ivanhoe Mines Price Performance

IVN traded up C$0.23 during midday trading on Friday, hitting C$11.60. 1,222,382 shares of the company traded hands, compared to its average volume of 4,816,603. The company has a current ratio of 2.33, a quick ratio of 20.86 and a debt-to-equity ratio of 21.02. The company has a market capitalization of C$16.54 billion, a price-to-earnings ratio of 128.89 and a beta of 1.76. Ivanhoe Mines Ltd. has a 52-week low of C$8.76 and a 52-week high of C$20.34. The business has a 50 day simple moving average of C$11.63 and a two-hundred day simple moving average of C$13.91.

Ivanhoe Mines (TSE:IVN) last released its earnings results on Wednesday, February 18th. The company reported C$0.06 EPS for the quarter. The business had revenue of C$183.99 million during the quarter. Ivanhoe Mines had a net margin of 25.05% and a return on equity of 2.32%. On average, equities analysts forecast that Ivanhoe Mines Ltd. will post 1.0136483 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on IVN. Citigroup dropped their price target on Ivanhoe Mines from C$18.00 to C$13.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Canaccord Genuity Group lowered their target price on shares of Ivanhoe Mines from C$15.00 to C$11.50 and set a “hold” rating on the stock in a research note on Monday, April 6th. BMO Capital Markets dropped their target price on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a report on Wednesday, April 1st. TD Securities reduced their target price on shares of Ivanhoe Mines from C$19.00 to C$13.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Scotiabank downgraded shares of Ivanhoe Mines from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$19.00 to C$14.50 in a research note on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$14.60.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd is a mineral exploration and development company. The company, together with its subsidiaries, explores, develops, and recovers minerals and precious gems from its property interests located in Africa. The group explores platinum, nickel, copper, gold, silver, cobalt, iron, vanadium, and chrome. It operates in four segments: Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company’s treasury offices.