National Bank Thinks IAMGOLD Corp’s Stock is Going to Recover


A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Don DeMarco from National Bank rated IAMGOLD Corp (IMG) a Buy, setting a C$6.75 price target.

According to TipRanks.com, DeMarco is a 3-star analyst with an average return of 2.8% and a 51.4% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, OceanaGold Corporation, and SilverCrest Metals Inc.

Currently, the analyst consensus on IAMGOLD Corp is a Moderate Buy with an average price target of C$7.08, which is an 87.3% upside from current levels. In a report issued on January 16, Credit Suisse also maintained a Buy rating on the stock.

.

IAMGOLD Corp’s market cap is currently C$1.86B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.51.

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 Friday at C$3.78, close to its 52-week low of C$3.64.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts