IAMGOLD Corp (IAG) Gets a Hold Rating from Credit Suisse

Credit Suisse analyst Fahad Tariq maintained a Hold rating on IAMGOLD Corp (IAG) on September 16 and set a price target of $3.75. The company’s shares closed last Monday at $3.44.

According to TipRanks.com, Tariq is a 4-star analyst with an average return of 22.8% and a 81.8% success rate. Tariq covers the Basic Materials sector, focusing on stocks such as Centerra Gold Inc, Franco Nev Corp, and Lundin Mining.

Currently, the analyst consensus on IAMGOLD Corp is a Hold with an average price target of $4.06, which is a 16.3% upside from current levels. In a report issued on September 17, CIBC also reiterated a Hold rating on the stock with a $4.50 price target.

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The company has a one-year high of $4.17 and a one-year low of $2.28. Currently, IAMGOLD Corp has an average volume of 5.83M.

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IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.

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