G & M this morning... Raymond James’ Farooq Hamed raised his Ivanhoe Mines Ltd. target to $24 from $21 with an “outperform” rating. The average is $22.24.
“We attended investor meetings with IVN management recently and came away with the view that growth expectations for 2024 are on track with the company having a strong pipeline of future development opportunities. We expect updates on the phase 3 expansion at Kamoa Kakula and start up at the Kipushi zinc mine this quarter,” he said.