Analysts raise price targets on IVPAF to C$13, citing projected production and cash flow improvements starting Q3 2026.
Ivanhoe Mines (IVPAF) surged 8.6% in Tuesday trading following upgrades from Canaccord Genuity and Morgan Stanley to Buy from Hold. Canaccord raised its price target to C$13 from C$12, highlighting expectations of stronger production, lower costs, and improved cash flow beginning in Q3 2026.
The prior target stood at C$12, with the new outlook reflecting optimism about operational efficiencies and growth prospects. Analysts noted the company’s progress in scaling operations as a key driver for the revised rating.
Shares responded immediately to the upgrades, extending gains in early session trading.