Iamgold Corporation with ticker code (IAG) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The target price ranges between 3.1 and 1.3 calculating the average target price we see 2.06. Given that the stocks previous close was at 1.4 this would imply there is a potential upside of 47.1%. The day 50 moving average is 1.86 and the 200 moving average now moves to 2.71. The company has a market capitalisation of $690m. Visit the company website at: https://www.iamgold.com
The potential market cap would be $1,015m based on the market concensus.
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IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada. Its exploration and development projects include the Pitangui project in Brazil; the Karita project located in Guinea; the Diakha-Siribaya project situated in Mali; and the Nelligan and Monster Lake projects located in Quebec, Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.