▲ +33.43% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Ivanhoe Mines in the last 3 months. The average price target is $9.10, with a high forecast of $10.00 and a low forecast of $7.00. The average price target represents a 33.43% upside from the last price of $6.82.
The current consensus among 5 polled investment analysts is to buy stock in Ivanhoe Mines. This rating has held steady since April 2020, when it changed from a Hold consensus rating.
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt. It also holds a 100% interest in the Western Foreland exploration project covering an area of approximately 2,550 square kilometers located in the Democratic Republic of Congo. It has a strategic partnership agreement with China Nonferrous Metal Mining (Group) Co., Ltd. to examine exploration, development, and acquisition of mineral projects, as well as production, smelting, and logistics opportunities in Africa. The company was formerly known as Ivanplats Limited and changed its name to Ivanhoe Mines Ltd. in August 2013. Ivanhoe Mines Ltd. was incorporated in 1993 and is headquartered in Vancouver, Canada.