Peter Meredith Sells 13,459 Shares of Ivanhoe Mines (TSE:IVN) Stock

Ivanhoe Mines Ltd. (TSE:IVN) Director Peter Meredith sold 13,459 shares of Ivanhoe Mines stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of C$16.43, for a total transaction of C$221,131.37. Following the transaction, the director directly owned 841,256 shares in the company, valued at C$13,821,836.08. This represents a 1.57% decrease in their position.

Peter Meredith also recently made the following trade(s):

• On Tuesday, January 13th, Peter Meredith sold 1,100 shares of Ivanhoe Mines stock. The stock was sold at an average price of C$16.44, for a total transaction of C$18,084.00.
• On Tuesday, January 13th, Peter Meredith sold 500 shares of Ivanhoe Mines stock. The shares were sold at an average price of C$16.44, for a total transaction of C$8,220.00.
• On Tuesday, January 13th, Peter Meredith sold 1,500 shares of Ivanhoe Mines stock. The stock was sold at an average price of C$16.46, for a total transaction of C$24,690.00.

Ivanhoe Mines Price Performance

IVN stock traded up C$0.15 during trading on Wednesday, reaching C$16.74. The company’s stock had a trading volume of 1,595,449 shares, compared to its average volume of 2,798,140. Ivanhoe Mines Ltd. has a 1 year low of C$8.76 and a 1 year high of C$17.47. The company has a quick ratio of 20.86, a current ratio of 1.36 and a debt-to-equity ratio of 2.48. The company has a market capitalization of C$23.76 billion, a P/E ratio of 76.09 and a beta of 1.96. The company’s fifty day moving average is C$14.35 and its 200-day moving average is C$13.21.

Ivanhoe Mines (TSE:IVN) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$180.18 million during the quarter. On average, research analysts expect that Ivanhoe Mines Ltd. will post 1.0136483 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IVN. Scotiabank increased their price objective on shares of Ivanhoe Mines from C$18.50 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. TD Securities upped their target price on shares of Ivanhoe Mines from C$13.00 to C$16.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Stifel Nicolaus lifted their price target on shares of Ivanhoe Mines from C$16.00 to C$18.00 in a report on Tuesday, October 21st. Citigroup boosted their price target on shares of Ivanhoe Mines from C$14.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group downgraded shares of Ivanhoe Mines from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$18.00 to C$16.00 in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Ivanhoe Mines has an average rating of “Buy” and an average price target of C$17.55.

Ivanhoe Mines Company Profile

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.