Insider Buying: Ivanhoe Mines Ltd (IVN) Director Acquires 8,700 Shares of Stock

Ivanhoe Mines Ltd (TSE:IVN) Director Selliers De Moranville Guy De acquired 8,700 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of C$2.85 per share, with a total value of C$24,795.00.

Shares of Ivanhoe Mines Ltd (TSE IVN) traded up C$0.19 during trading on Wednesday, hitting C$3.35. 1,991,087 shares of the company were exchanged, compared to its average volume of 1,870,861. The firm has a market cap of $2,500.00, a PE ratio of -56.67 and a beta of 0.75. Ivanhoe Mines Ltd has a 1-year low of C$2.73 and a 1-year high of C$5.47.

IVN has been the subject of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of Ivanhoe Mines from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. CIBC increased their target price on shares of Ivanhoe Mines from C$5.00 to C$5.50 in a research report on Monday, November 13th. TD Securities reiterated a “speculative buy” rating and set a C$7.50 target price on shares of Ivanhoe Mines in a research report on Monday, November 13th. Raymond James Financial increased their target price on shares of Ivanhoe Mines from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 29th. Finally, Canaccord Genuity increased their target price on shares of Ivanhoe Mines from C$6.50 to C$7.75 in a research report on Wednesday, November 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Ivanhoe Mines has a consensus rating of “Buy” and an average price target of C$6.32.

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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.

Insider Buying and Selling by Quarter for Ivanhoe Mines (TSE:IVN)

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