Iamgold Corporation – Consensus Indicates Potential 9.0% Upside

Broker Ratings

Iamgold Corporation with ticker code (IAG) now have 12 analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The range between the high target price and low target price is between 3.97 and 1.75 calculating the mean target price we have 2.42. Given that the stocks previous close was at 2.22 this now indicates there is a potential upside of 9.0%. The 50 day moving average now sits at 2.74 and the 200 day moving average is 2.81. The company has a market cap of $1,078m. You can visit the company’s website by visiting: https://www.iamgold.com

The potential market cap would be $1,175m 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.

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