Citi lowered the firm’s price target on Ivanhoe Mines (IVPAF) to C$14 from C$20 and keeps a Buy rating on the shares. The firm updated its model with material changes following the Kamoa-Kakula seismic events and recent management update. The 35% share selloff “seems overdone but it will likely take time for investors to get comfortable with the new mine plan,” the analyst tells investors in a research note.
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Read More on IVPAF:
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