Ivanhoe Mines Ltd (TSE:IVN) Director Matthieu Bos sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of C$4.53, for a total transaction of C$31,710.00.

Ivanhoe Mines Ltd (TSE:IVN) traded down 1.55% during midday trading on Friday, reaching $4.44. 1,282,206 shares of the company traded hands. Ivanhoe Mines Ltd has a 12 month low of $1.72 and a 12 month high of $5.47. The firm’s market capitalization is $3.49 billion. The company’s 50-day moving average price is $4.59 and its 200 day moving average price is $4.46.

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Separately, Royal Bank Of Canada raised their price objective on shares of Ivanhoe Mines from C$4.25 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, June 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$5.92.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious gems located primarily in Africa. The company explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, germanium, and lead deposits. Its principal projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; Kamoa-Kakula project located within the Central African Copperbelt in the Democratic Republic of Congo (DRC); and the Kipushi project located on the DRC’s Copperbelt.

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