Ivanhoe Mines: Buy Rating Amid Short-Term Stability and Long-Term Uncertainty

Fahad Tariq, an analyst from Jefferies, maintained the Buy rating on Ivanhoe Mines (IVPAF – Research Report). The associated price target is C$17.00.

Fahad Tariq has given his Buy rating due to a combination of factors that reflect both short-term developments and long-term potential at Ivanhoe Mines. The recent restart of the western section of the Kakula mine is a positive step, with mining rates expected to reach 1.8 million tonnes in the second half of 2025. This aligns with expectations and suggests a stable short-term outlook.
However, the medium- and long-term plans remain uncertain, particularly with the withdrawal of 2026 guidance. Despite these uncertainties, the potential for normalization of operations by mid-2026 and strategic adjustments to address geological challenges indicate a cautious optimism. The valuation adjustments, including a conservative reduction in grade expectations, have led to a price target of C$17, reflecting a balanced view of risks and opportunities.

In another report released on June 4, RBC Capital also maintained a Buy rating on the stock with a C$24.00 price target.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IVPAF in relation to earlier this year.