Canaccord lifts target for Ivanhoe Mines stock to CAD 15.00
Published on 10/24/2026 at 19:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Canaccord Genuity lifted its target from CAD 13.00 to CAD 15.00 on September 9, 2026.
- Ivanhoe Mines produced 76,401 tonnes of saleable copper in the third quarter of 2026.
- Ivanhoe Mines stock costs EUR 5.85 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 1.78 percent below the Tradegate close of EUR 5.96 on October 23, 2026.
- Ivanhoe Mines will publish third-quarter financial results on November 3, 2026.
Canaccord Genuity lifted its Ivanhoe Mines target from CAD 13.00 to CAD 15.00 in a research report dated September 9, 2026, while the broader analyst consensus stood at CAD 14.72 from 10 firms on October 3, 2026, according to MarketBeat. Ivanhoe Mines stock was trading at EUR 5.85 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, down 1.78 percent versus the Tradegate close of EUR 5.96 on October 23, 2026.
Analysts see higher copper value
The target revisions give investors a numerical counterpoint to the stock's German-market quotation. MarketBeat reported five Buy ratings and five Hold ratings among 10 analysts, producing a Moderate Buy consensus and a CAD 14.72 average 12-month target on October 3, 2026. The Canaccord target of CAD 15.00 is 63.76 percent above the TSX price of CAD 9.16 on October 23, 2026, using the same currency.
76,401 tonnes in the third quarter
Ivanhoe Mines reported 76,401 tonnes of copper in saleable products from Kamoa-Kakula for the third quarter of 2026 in its October 8, 2026 release. Copper in concentrate reached 68,188 tonnes, compared with 61,134 tonnes in the second quarter, while combined mining rates at Kamoa and Kansoko increased 30 percent to more than 700,000 tonnes per month, according to Ivanhoe Mines.
What comes before the results?
The company retained 2026 copper production guidance of 290,000 to 310,000 tonnes, while stating that output was trending toward the lower end of the range. Kipushi produced a record 77,147 tonnes of zinc in concentrate in the third quarter, a 10 percent quarter-on-quarter increase, according to the October 8 release.
Ivanhoe Mines will publish its third-quarter financial results after the market close on November 3, 2026, and plans an investor conference call for November 4, 2026. The upcoming report will put the production update beside revenue, earnings and cash-flow figures for the quarter ended September 30, 2026.
Stock position and valuation
On the TSX, Ivanhoe Mines was last quoted at CAD 9.16 on October 23, 2026 at 4:00 p.m. ET, with a market capitalization of CAD 13.1 billion, a P/E ratio of 67.66 and a 52-week range of CAD 8.92 to CAD 20.34. The German euro quotation therefore remains below the recent Canadian trading range's upper boundary, while the analyst targets sit above the October 23 TSX price.
Price stays below the Tradegate close
The EUR 5.85 quotation at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST stood 1.78 percent below the Tradegate close of EUR 5.96 on October 23, 2026. For investors, the next measurable test is whether the November 3 results can translate the higher production volumes into reported financial performance.
The further course of trading is shown by the continuously updated real-time quote of Ivanhoe Mines stock.
Ivanhoe Mines market facts
- Company: Ivanhoe Mines Ltd.
- ISIN: CA46579R1047
- Ticker: IVN
- Primary exchange: TSX
- Price Lang & Schwarz (as of October 24, 2026, 1:04 p.m. CEST): EUR 5.85
- Change versus Tradegate close: minus 1.78 percent
- Tradegate close (October 23, 2026): EUR 5.96
- Market capitalization: CAD 13.1 billion (as of October 23, 2026)
- 52-week range: CAD 8.92-20.34 (as of October 23, 2026)
- Sector / Industry: Basic Materials / Industrial Materials
Market context: Market report S&P/TSX Composite.
