Ivanhoe Mines (TSE:IVN) Trading Down 10.3% - Here's Why

Key Points

• Ivanhoe Mines dropped 10.3% on Wednesday, trading as low as C$10.26 and last at C$10.67 on roughly 2.74 million shares (about 40% below its average daily volume).
• Several brokerages have downgraded or trimmed price targets (Jefferies and Canaccord cut to Hold and lowered targets), yet the consensus remains a Moderate Buy with an average target of C$17.80.
• An insider sold 13,459 shares in mid‑January and insiders have sold 16,559 shares over the past 90 days, while corporate insiders still own 44.96% of the company.

Ivanhoe Mines Ltd. (TSE:IVN - Get Free Report) dropped 10.3% on Wednesday . The company traded as low as C$10.26 and last traded at C$10.67. Approximately 2,741,730 shares traded hands during trading, a decline of 40% from the average daily volume of 4,548,217 shares. The stock had previously closed at C$11.89.

Analyst Ratings Changes

A number of brokerages have weighed in on IVN. Jefferies Financial Group downgraded Ivanhoe Mines from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$18.00 to C$16.00 in a report on Monday, December 8th. Canaccord Genuity Group downgraded Ivanhoe Mines from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$18.00 to C$15.00 in a research note on Friday, February 20th. Stifel Nicolaus decreased their target price on Ivanhoe Mines from C$28.00 to C$22.00 and set a "buy" rating for the company in a research note on Wednesday, February 11th. Finally, Scotiabank lifted their target price on Ivanhoe Mines from C$18.50 to C$20.00 and gave the stock an "outperform" rating in a report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$17.80.

Ivanhoe Mines Price Performance

The company has a debt-to-equity ratio of 21.62, a current ratio of 2.23 and a quick ratio of 20.86. The firm has a market capitalization of C$15.44 billion, a price-to-earnings ratio of 57.00 and a beta of 1.40. The business's fifty day simple moving average is C$14.91 and its 200 day simple moving average is C$14.63.

Ivanhoe Mines (TSE:IVN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$183.99 million for the quarter. Ivanhoe Mines had a net margin of 59.26% and a return on equity of 4.76%. On average, research analysts forecast that Ivanhoe Mines Ltd. will post 1.0136483 EPS for the current year.

Insiders Place Their Bets

In other Ivanhoe Mines news, Director Peter Meredith sold 13,459 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of C$16.43, for a total value of C$221,131.37. Following the transaction, the director owned 841,256 shares in the company, valued at approximately C$13,821,836.08. This represents a 1.57% decrease in their ownership of the stock. Over the last 90 days, insiders sold 16,559 shares of company stock worth $272,125. 44.96% of the stock is currently owned by corporate insiders.

About Ivanhoe Mines

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.