Ivanhoe Mines Ltd (TSE:IVN) Senior Officer Martin Forrester Bawlf Sells 39,916 Shares

Ivanhoe Mines Ltd (TSE:IVN) Senior Officer Martin Forrester Bawlf sold 39,916 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of C$4.13, for a total transaction of C$164,853.08. Following the completion of the sale, the insider now owns 589,016 shares of the company’s stock, valued at approximately C$2,432,636.08.

Shares of TSE:IVN traded up C$0.05 during mid-day trading on Friday, hitting C$4.18. The stock had a trading volume of 588,800 shares, compared to its average volume of 904,289. The company has a current ratio of 24.96, a quick ratio of 24.63 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $4.26 billion and a P/E ratio of 112.97. Ivanhoe Mines Ltd has a 12-month low of C$2.00 and a 12-month high of C$4.54. The firm’s 50 day simple moving average is C$3.77.

Ivanhoe Mines (TSE:IVN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.02) by C$0.03. As a group, equities research analysts anticipate that Ivanhoe Mines Ltd will post -0.02 EPS for the current fiscal year.

Several equities research analysts recently commented on the stock. CIBC upgraded shares of Crescent Point Energy from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, May 9th. Canaccord Genuity reduced their price target on shares of Trevali Mining from C$0.75 to C$0.65 in a research report on Monday, April 15th. Finally, Royal Bank of Canada restated an “average” rating and issued a $48.00 price target on shares of in a research report on Thursday, June 27th.

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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