The Globe and Mail reports in its Wednesday, May 17, edition that Eight Capital analyst Puneet Singh rates Ivanhoe Mines "buy" in new coverage. The Globe's David Leeder writes that Mr. Singh set a share target of $18.50. Analysts on average target the shares at $15.51. Mr. Singh says in a note: "Over the last decade Ivanhoe has made not just one, but numerous world-class discoveries of Tier 1 assets, transforming its market cap from that of a junior stage explorer to one that is starting to resemble that of a senior stage copper producer. The value creation for shareholders over the aforementioned time period has resonated with investors who have given management a stamp of approval on their track record when it comes to strategy and execution. As we highlighted in our recent copper thematic piece, despite the strong moves in copper prices already, the market is likely to be further surprised by potential price spikes due to low inventories, supply disruptions to existing operations, etc." Mr. Singh adds that Ivanhoe's flagship Kamoa-Kakula copper complex is projected to be the world's highest grade copper mine and is currently in a phased ramp-up that is expected to double copper over the next three years.