IVPAF - Ivanhoe Mines: Strong Growth Prospects But With Shares Sideways

2024-01-24 01:26:06 ET

Summary

• Reiterate the "Hold" rating on Ivanhoe Mines shares due to the uncertain short-term outlook for the copper market.
• IVPAF is well-positioned to benefit from increasing demand for copper in electrification and clean energy projects.
• Positive long-term outlook for copper prices due to supply constraints and robust demand.

A Hold Rating for Ivanhoe Mines

This article reiterates a "Hold" rating on Ivanhoe Mines Ltd. shares ( IVPAF ) ( IVN:CA ) in both markets, in line with the previous article .

The previous article suggested a "Hold" rating on Ivanhoe Mines' shares, as the company was considered well-positioned to benefit from increasing demand for copper in electrification and clean energy conversion projects. In the short term, however, the negative pressure from increased borrowing costs and elevated core inflation contributed to a cloudy picture for the copper market....

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