In a report issued on September 19, Andrew Breichmanas from BMO Capital reiterated a Buy rating on IAMGOLD Corp (NYSE: IAG), with a price target of $7. The company’s shares opened today at $3.81, close to its 52-week low of $3.57.
According to TipRanks.com, Breichmanas is a 3-star analyst with an average return of 9.1% and a 42.9% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Barrick Gold, and Goldcorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IAMGOLD Corp with a $6.75 average price target.
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IAMGOLD Corp’s market cap is currently $1.83B and has a P/E ratio of 65.33. The company has a Price to Book ratio of 0.65.
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IAMGOLD Corp. engages in the exploration, development, and production of gold and mineral resource properties. It operates through the Gold Mine and Non-Gold segments. The Gold Mine segment deals with gold properties in Burkina Faso, Suriname, Canada, and Mali.
