In a report released on February 13, Wayne Lam from RBC Capital maintained a Hold rating on IAMGOLD (IAG – Research Report), with a price target of $3.00. The company’s shares closed yesterday at $2.53.
According to TipRanks, Lam is an analyst with an average return of -11.6% and a 36.97% success rate. Lam covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Argonaut Gold, and IAMGOLD.
Currently, the analyst consensus on IAMGOLD is a Moderate Buy with an average price target of $2.97.
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The company has a one-year high of $3.34 and a one-year low of $1.99. Currently, IAMGOLD has an average volume of 6.9M.
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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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