Morgan Stanley cuts Ivanhoe Mines stock rating on operational issues By Investing.com
Morgan Stanley has downgraded Ivanhoe Mines Ltd. to Equalweight from Overweight and reduced its price target due to recurring operational issues, forecasting the stock to trade below its intrinsic value until an updated mining plan is released in March 2027. The firm also lowered its adjusted EBITDA and EPS estimates for 2026, 2027, and 2028 after the company's Q3 2026 earnings missed Wall Street expectations, despite strong operational updates from its copper and zinc businesses. The stock has experienced a significant decline year-to-date and is noted for its price volatility.
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