Ivanhoe Mines Ltd (TSE:IVN) Director Buys C$161,460.00 in Stock

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Ivanhoe Mines Ltd (TSE:IVN) Director Robert Martin Friedland purchased 70,200 shares of the stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of C$2.30 per share, for a total transaction of C$161,460.00. Following the completion of the transaction, the director now owns 24,322,733 shares in the company, valued at approximately C$55,942,285.90.

Robert Martin Friedland also recently made the following trade(s):

  • On Tuesday, January 28th, Robert Martin Friedland bought 900 shares of Ivanhoe Mines stock. The stock was bought at an average price of C$3.50 per share, for a total transaction of C$3,150.00.

Shares of TSE IVN opened at C$2.40 on Friday. The company has a quick ratio of 22.15, a current ratio of 22.29 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $2.73 billion and a price-to-earnings ratio of 133.33. The stock’s fifty day simple moving average is C$3.05 and its 200 day simple moving average is C$3.50. Ivanhoe Mines Ltd has a 52-week low of C$1.80 and a 52-week high of C$4.54.

A number of brokerages recently issued reports on IVN. CIBC lifted their target price on Ivanhoe Mines from C$4.00 to C$4.50 in a report on Thursday, January 23rd. Raymond James set a C$6.00 target price on Ivanhoe Mines and gave the stock an “outperform” rating in a report on Tuesday, March 10th.

Ivanhoe Mines Company Profile

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, as well as explores Western Foreland project in the Democratic Republic of Congo.

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