The Globe and Mail reports in its Friday edition that Citi analyst Alexander Hacking has reaffirmed his "buy" recommendation for Ivanhoe Mines. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hacking slashed his share target by $5 to $13. Analysts on average target the shares at $14.30. Mr. Hacking thinks a relative valuation gap has "opened up" for Ivanhoe Mines, but he warns of "a long road to win back investor confidence." Mr. Hacking says in a note: "The company has reset expectations pushing back the recovery to 500kt copper by one year (2028 vs 2027) to allow for more development work; plus lowering the grade profile to account for mine design dilution and lower cut-off. Ivanhoe stock has underperformed peers by approximately 100 per cent since the May, 2025, seismic incident with our NAV impaired by 30 to 40 per cent, representing a material derating. ... The new mine plan maybe too conservative -- but Ivanhoe's main job now is to demonstrate to investors that it can sustainably manage a multi-decade asset vs pushing for maximum near-term tons, in our view. ... Citi is long-term bullish copper, and we believe Ivanhoe offers investors the best growth profile in our global coverage."