The Lead Independent Director of Ivanhoe Mines (Other OTC: IVPAF) is Buying Shares

Today, the Lead Independent Director of Ivanhoe Mines (IVPAFResearch Report), Tadeu Carneiro, bought shares of IVPAF for $84K.

Following this transaction Tadeu Carneiro’s holding in the company was increased by 3% to a total of $2.73 million. Following Tadeu Carneiro’s last IVPAF Buy transaction on December 04, 2020, the stock climbed by 0.5%.

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Currently, Ivanhoe Mines has an average volume of 88.84K. IVPAF’s market cap is $6.43 billion and the company has a P/E ratio of -1264.90. The company has a one-year high of $6.16 and a one-year low of $1.35.

Starting in August 2020, IVPAF received 19 Buy ratings in a row. Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $7.38, reflecting a -22.4% downside. Five different firms, including RBC Capital and TD Securities, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $1.78M worth of IVPAF shares and purchased $84K worth of IVPAF shares. The insider sentiment on Ivanhoe Mines has been negative according to 61 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Ivanhoe Mines Ltd. is a mining development company, which engages in the exploration and development of mineral properties. Its projects include Platreef Project, Kamao-Kakila Project, Western Foreland Project, and Kipushi Project. The company was founded by Robert Martin Friedland on April 29, 1993 and is headquartered in Vancouver, Canada.