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

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

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

Shares of IVN opened at C$2.40 on Thursday. The stock has a fifty day simple moving average of C$3.07 and a two-hundred day simple moving average of C$3.51. 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 company has a market capitalization of $2.73 billion and a PE ratio of 133.33. Ivanhoe Mines Ltd has a 52-week low of C$1.80 and a 52-week high of C$4.54.

A number of equities research analysts have recently commented on the stock. Raymond James set a C$6.00 price objective on shares of Ivanhoe Mines and gave the stock an “outperform” rating in a research note on Tuesday, March 10th. CIBC increased their target price on Ivanhoe Mines from C$4.00 to C$4.50 in a research report on Thursday, January 23rd.

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.

Further Reading: Dividend Reinvestment Plan (DRIP)

Insider Buying and Selling by Quarter for Ivanhoe Mines (TSE:IVN)

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