RBC Capital downgraded Ivanhoe Mines (IVPAF) to Sector Perform from Outperform with a price target of C$15, down from C$19. The company’s updated Kamoa-Kakula mine plan pushed out the recovery to full production to 2028, the analyst tells investors in a research note. RBC believes investor sentiment “could remain subdued” until Kamoa-Kakula gets closer to reaching full production levels.
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Read More on IVPAF:
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