Ivanhoe Mines stock carries a Moderate Buy consensus at CAD 14.72

Published on 10/08/2026 at 04:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A 10-analyst Moderate Buy consensus set a CAD 14.72 target on October 3. Ivanhoe Mines closed at CAD 11.61 on October 7 after Q2 revenue reached CAD 216.83 million.

IVN, CA46579R1047, Illustration mit AI erstellt.

Ivanhoe Mines (ISIN CA46579R1047) carries a Moderate Buy consensus and a CAD 14.72 average 12-month target, according to MarketBeat on October 3, 2026. The stock closed at CAD 11.61 on the Toronto Stock Exchange on October 7, down 2.52 percent.

Ten analysts set the target

The MarketBeat consensus covers 10 research firms, with five Buy ratings and five Hold ratings. The average target of CAD 14.72 stands 26.8 percent above the October 7 closing price of CAD 11.61.

Several September 9 analyst updates were also listed by MarketBeat. Stifel Nicolaus raised its target to CAD 17.00, Canaccord Genuity lifted its target to CAD 15.00, and Scotia increased its target to CAD 13.50.

Q2 delivered mixed signals

Ivanhoe Mines reported quarterly EPS of CAD 0.04 and revenue of CAD 216.83 million for Q2 2026, according to MarketBeat. The figures provide a financial counterweight to the bullish valuation view, because the latest consensus target is based on future project execution rather than the quarter alone.

The companys Q2 financial statements, which ended June 30, 2026, show USD 148.7 million in revenue, USD 48.5 million in net income and diluted EPS of USD 0.03. The reporting currency differs from the TSX quotation currency, so the figures are kept in USD.

Western Forelands adds resource scale

In a September 8, 2026 release, Ivanhoe Mines reported 34 million tonnes of Indicated resources at 2.66 percent copper in the Makoko District and 612 million tonnes of Inferred resources at 1.80 percent copper. The company said contained copper in the discovery had increased 30 percent since the previous resource update.

The same release described a 2026 Western Forelands drilling program of 94,500 meters and said the Makoko scoping study is scheduled to begin in Q1 2027. Mineral resources are not mineral reserves and do not demonstrate economic viability, making conversion through drilling and later studies a central execution issue.

Stock stays below its yearly high

Ivanhoe Mines had a CAD 16.6 billion market capitalization on October 7, 2026. Its 52-week range was CAD 9.45 to CAD 20.34, leaving the stock 42.9 percent below the upper end.

The next reporting date is November 16, 2026, for Q3 2026. The Toronto Stock Exchange close of CAD 11.61 on October 7, 2026, and the CAD 14.72 analyst average frame the near-term valuation debate.