Ivanhoe Mines (TSE:IVN) Given New C$24.00 Price Target at TD Securities

Ivanhoe Mines (TSE:IVN) had its price target decreased by TD Securities from C$25.00 to C$24.00 in a research note released on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, Scotiabank boosted their price target on shares of Ivanhoe Mines from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$24.00.

Ivanhoe Mines Price Performance

Shares of Ivanhoe Mines stock opened at C$17.27 on Thursday. The firm has a market cap of C$23.31 billion, a PE ratio of 107.94 and a beta of 1.94. The business has a 50-day moving average price of C$18.21 and a 200 day moving average price of C$18.18. The company has a quick ratio of 20.86, a current ratio of 1.17 and a debt-to-equity ratio of 4.24. Ivanhoe Mines has a twelve month low of C$12.94 and a twelve month high of C$21.32.

Insider Buying and Selling at Ivanhoe Mines

In related news, Director Martie Cloete sold 2,800 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$18.56, for a total value of C$51,968.00. Also, Director Jinghe Chen sold 60,288 shares of Ivanhoe Mines stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$19.00, for a total value of C$1,145,472.00. Insiders sold a total of 68,088 shares of company stock worth $1,292,379 in the last three months. 44.96% of the stock is owned by corporate insiders.

About Ivanhoe Mines

Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.