Stifel lifts Ivanhoe's PT after visit to Kakula mine; shares rise

ReutersSep 24, 2025 1:59 PM

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Stifel raises price target on Canadian mining company Ivanhoe Mines IVN.TO to C$16 from C$13.5

Shares of IVN up 10% at $14.43

New price target represents a 22% upside to the stock's last close

Brokerage raises PT based on positive takeaways from its site visit to Kakula underground mine, citing progress in dewatering, rehab work, and management’s recovery plan

Brokerage sees long-term upside for Ivanhoe ahead of Integrated Development Plan 2026 for Kamoa-Kakula Copper Complex, backed by plant outperformance and expected resource upgrades

Kamoa-Kakula copper mine in the Democratic Republic of Congo is one of the world's largest high-grade copper deposits

14 of 15 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is C$15 - data compiled by LSEG

Including session's moves, stock down 14.3% YTD

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