Key Points
- Citic Metal Africa Investments Limited sold 350,000 shares of Ivanhoe Mines on Dec. 30 at an average price of C$15.71, for a total of C$5,498,500.
- Shares opened at C$15.61 and were down 1.4%; the company has a market cap of C$22.16 billion, a P/E of 70.95, and a 1‑year range of C$8.76–C$18.21.
- Analysts hold a consensus "Buy" rating with a C$17.25 price target, though recent research includes a Jefferies downgrade alongside several firms raising their targets.
Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) insider Citic Metal Africa Investments Limited sold 350,000 shares of the business's stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of C$15.71, for a total value of C$5,498,500.00.
Ivanhoe Mines Stock Down 1.4%
Shares of Ivanhoe Mines stock opened at C$15.61 on Thursday. The company has a market capitalization of C$22.16 billion, a P/E ratio of 70.95 and a beta of 1.96. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.36 and a quick ratio of 20.86. The business has a 50-day moving average of C$13.98 and a two-hundred day moving average of C$12.82. Ivanhoe Mines Ltd. has a 1 year low of C$8.76 and a 1 year high of C$18.21.
Ivanhoe Mines (TSE:IVN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$180.18 million during the quarter. As a group, equities analysts predict that Ivanhoe Mines Ltd. will post 1.0136483 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. Jefferies Financial Group lowered shares of Ivanhoe Mines from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$18.00 to C$16.00 in a report on Monday, December 8th. Canaccord Genuity Group increased their target price on Ivanhoe Mines from C$14.00 to C$16.50 and gave the stock a "buy" rating in a report on Wednesday, October 1st. TD Securities lifted their price target on Ivanhoe Mines from C$13.00 to C$16.00 and gave the company a "buy" rating in a research note on Monday, September 29th. Scotiabank upgraded Ivanhoe Mines from a "hold" rating to an "outperform" rating and boosted their price target for the company from C$12.50 to C$17.00 in a report on Monday, September 29th. Finally, Stifel Nicolaus upped their price objective on Ivanhoe Mines from C$16.00 to C$18.00 in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$17.25.
Get Our Latest Analysis on Ivanhoe Mines
Ivanhoe Mines Company Profile
(
Get Free Report)
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.
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