According to The Fly, in a report released today, Don DeMarco from National Bank maintained a Buy rating on IAMGOLD Corp (IAG). The company’s shares opened today at $3.11, close to its 52-week low of $3.
According to TipRanks.com, DeMarco is a 1-star analyst with an average return of -1.8% and a 31.3% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, SilverCrest Metals Inc, and First Majestic Silver.
Currently, the analyst consensus on IAMGOLD Corp is a Moderate Buy with an average price target of $6, implying a 92.9% upside from current levels. In a report issued on November 8, TD Securities also reiterated a Buy rating on the stock.
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The company has a one-year high of $6.52 and a one-year low of $3. Currently, IAMGOLD Corp has an average volume of 4.73M.
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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.
