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Add as a preferred source on GoogleStifel Moves Ivanhoe Mines Ltd. to Hold and Cuts Price Target to C$12.50
Ivanhoe Mines shares fell 7.4% on Wednesday, Nov. 4, after the rating change. Third-quarter earnings per share came in below consensus.
Ivanhoe Mines Ltd. shares fell 7.4% Wednesday, Nov. 4, after Stifel moved its rating to Hold from Buy and cut its price target to C$12.50 from C$17.
The rating change followed Ivanhoe Mines' third-quarter results. The company reported earnings of $0.04 per share, below consensus. Adjusted EBITDA also came in below consensus.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.