Inauguration of Platreef Mine: Ivanhoe Mines has inaugurated its Platreef mine in South Africa, which has the potential to become one of the largest platinum producers globally, aiming to eventually supply over 1 million ounces per year.
Production Plans: The mine is set to ramp up production to 100,000 ounces per year initially, with a target of 450,000 ounces per year in its second phase starting around 2028.
Long Development Timeline: The Platreef project has a lengthy history, originating in the 1980s, with significant milestones including the acquisition of mining rights in 2014.
Market Context: The mine begins operations amid a significant rise in platinum and palladium prices, which have increased by 71% and 54% respectively this year after a prolonged market downturn.
Wall Street analysts forecast CA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast CA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 25.020
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Current: 25.020
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
