Ivanhoe Mines price target raised to C$18 from C$15 at Scotiabank

Scotiabank raised the firm’s price target on Ivanhoe Mines to C$18 from C$15 and keeps an Outperform rating on the shares. The firm expects most miners to post lower Q1 results due to weaker seasonal performance, the analyst told investors. However, despite this challenging operating environment, the firm does not expect any material guidance changes this quarter.