IAMGOLD Corp (IMG) Gets a Buy Rating from Canaccord Genuity


IAMGOLD Corp (IMG), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Canaccord Genuity’s analyst Carey MacRury reiterates their Buy rating on the shares, with a C$9 price target.

According to TipRanks.com, MacRury is a 1-star analyst with an average return of -2.3% and a 40.2% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IAMGOLD Corp with a C$8.28 average price target.

The company has a one-year high of C$8.20 and a one-year low of C$3.64. Currently, IAMGOLD Corp has an average volume of 1.58M.

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.

The company’s shares closed on Monday at C$5.02.

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