UBS has revised its price target for Ivanhoe Mines (IVPAF, Financial), reducing it from C$19 to C$17, although the investment firm continues to maintain a Buy rating on the stock. This adjustment reflects UBS's updated forecasts for industrial commodities over the next few years, particularly due to ongoing trade tensions.
Despite the cautious outlook for 2025 and 2026, the firm remains optimistic about the potential medium-term recovery of both copper and aluminum markets. Additionally, UBS continues to hold a positive view on gold, with expectations for stability in that sector.
The revised outlook by UBS indicates a mixed sentiment in the commodities market, influenced by geopolitical factors, but retains a bullish stance on select metals, potentially benefiting Ivanhoe Mines (IVPAF, Financial) investors in the long term.
