Iamgold Corporation – Consensus Indicates Potential 26.9% Upside

Broker Ratings

Iamgold Corporation found using ticker (IAG) now have 11 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 4.04 and 1.75 calculating the average target price we see 2.88. Given that the stocks previous close was at 2.27 this would indicate that there is a potential upside of 26.9%. The 50 day moving average now sits at 2.55 while the 200 day moving average is 1.84. The market cap for the company is $1,119m. You can visit the company’s website by visiting: https://www.iamgold.com

The potential market cap would be $1,420m based on the market concensus.

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IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America and West Africa. The company owns 100% interest in the Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and 90% interests in the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa. Its exploration and development projects include the 100% owned Diakha-Siribaya project that covers an area of approximately 600 square kilometres situated in Mali; the Monster Lake projects located in Quebec, Canada; and the Karita project that covers an area of approximately 100 square kilometres located in Guinea, as well as Pitangui project in Brazil, and 75% owned the Nelligan located in Québec. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.

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