Analyst Price Target is C$14.29
▲ +48.65% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Ivanhoe Mines in the last 3 months. The average price target is C$14.29, with a high forecast of C$16.50 and a low forecast of C$12.00. The average price target represents a 48.65% upside from the last price of C$9.61.
Current Consensus is
The current consensus among 4 contributing investment analysts is to buy stock in Ivanhoe Mines. This Buy consensus rating has held steady for over two years.
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 2,407 square kilometers located in the Democratic Republic of Congo. The company 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. Ivanhoe Mines Ltd. was formerly known as Ivanplats Limited and changed its name to Ivanhoe Mines Ltd. in August 2013. The company was incorporated in 1993 and is headquartered in Vancouver, Canada.