Ivanhoe Mines Ltd (IVN) Director Martie Cloete Sells 10,800 Shares

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Ivanhoe Mines Ltd (TSE:IVN) Director Martie Cloete sold 10,800 shares of Ivanhoe Mines stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$3.30, for a total value of C$35,640.00. Following the completion of the sale, the director now directly owns 377,076 shares of the company’s stock, valued at approximately C$1,244,350.80.

IVN stock traded down C$0.03 during trading on Friday, reaching C$3.27. 370,500 shares of the stock traded hands, compared to its average volume of 910,232. Ivanhoe Mines Ltd has a 52-week low of C$2.00 and a 52-week high of C$3.62. The company has a current ratio of 24.96, a quick ratio of 24.63 and a debt-to-equity ratio of 2.72. The company has a market cap of $3.33 billion and a PE ratio of 109.00.

Ivanhoe Mines (TSE:IVN) last posted its quarterly earnings results on Thursday, March 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. Equities analysts forecast that Ivanhoe Mines Ltd will post 0.0599999984810127 EPS for the current fiscal year.

A number of equities research analysts have issued reports on IVN shares. CIBC boosted their price target on Ivanhoe Mines from C$3.30 to C$3.40 in a research report on Thursday, May 9th. Royal Bank of Canada boosted their price target on Ivanhoe Mines from C$4.00 to C$5.00 in a research report on Thursday, February 7th. Finally, Canaccord Genuity boosted their price target on Ivanhoe Mines from C$7.00 to C$7.50 in a research report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$6.19.

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About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. The company explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, germanium, and lead deposits. Its projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located on the DRC's Copperbelt; and the Kamoa-Kakula project located within the Central African Copperbelt in the Democratic Republic of Congo (DRC).

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