Raymond James analyst Judith Elliott downgraded Ivanhoe Mines (IVPAF) to Market Perform from Outperform with a price target of C$17, down from C$23. The firm cites the “disappointing” updated Kamoa-Kakula mining complex plan relative to the previous plan and multi-year guidance for the downgrade.
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Read More on IVPAF:
- Ivanhoe Mines downgraded to Sector Perform from Outperform at Scotiabank
- Ivanhoe Mines Cuts Near-Term Output Guidance as Kamoa-Kakula Study Backs Long-Life Copper Growth
- Ivanhoe Mines to Release Updated Kamoa-Kakula Technical Report and Host Investor Call
- Ivanhoe Mines price target lowered to C$19 from C$20 at Scotiabank
- Ivanhoe Mines price target lowered to C$20 from C$21 at Scotiabank