In a report released on November 13, Wayne Lam from RBC Capital maintained a Hold rating on IAMGOLD (IAG – Research Report), with a price target of $2.75. The company’s shares closed yesterday at $2.29.
Lam covers the Basic Materials sector, focusing on stocks such as IAMGOLD, B2Gold, and Lundin Gold. According to TipRanks, Lam has an average return of -11.2% and a 36.36% success rate on recommended stocks.
Currently, the analyst consensus on IAMGOLD is a Moderate Buy with an average price target of $2.95, a 28.82% upside from current levels. In a report released on November 13, Stifel Nicolaus also maintained a Hold rating on the stock with a C$3.50 price target.
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The company has a one-year high of $3.34 and a one-year low of $1.71. Currently, IAMGOLD has an average volume of 3.79M.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IAG in relation to earlier this year.
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IAMGOLD (IAG) Company Description:
IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.
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