Ivanhoe Mines Ltd (IVN) Director Sells C$48,952.00 in Stock
Ivanhoe Mines Ltd (TSE:IVN) Director Setha Patricia Makhesha sold 11,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of C$4.22, for a total transaction of C$48,952.00.
Setha Patricia Makhesha also recently made the following trade(s):
- On Monday, September 18th, Setha Patricia Makhesha sold 25,000 shares of Ivanhoe Mines stock. The shares were sold at an average price of C$4.21, for a total transaction of C$105,250.00.
Shares of Ivanhoe Mines Ltd (IVN) traded up 0.70% during mid-day trading on Tuesday, reaching $4.31. 1,375,846 shares of the company traded hands. Ivanhoe Mines Ltd has a 52 week low of $1.83 and a 52 week high of $5.47. The firm has a 50-day moving average price of $4.48 and a 200 day moving average price of $4.45. The firm’s market capitalization is $3.39 billion.
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Several brokerages recently issued reports on IVN. CIBC restated a “neutral” rating and set a C$5.00 target price on shares of Ivanhoe Mines in a research report on Friday. Royal Bank of Canada boosted their target price on shares of Ivanhoe Mines from C$4.25 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, June 6th. 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 a consensus price target of C$6.21.
About Ivanhoe Mines
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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