In a report released yesterday, Josh Wolfson from RBC Capital maintained a Hold rating on IAMGOLD (IAG), with a price target of $5.25. The company’s shares closed last Monday at $3.83.
According to TipRanks.com, Wolfson is a 2-star analyst with an average return of 0.8% and a 56.1% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Kirkland Lake Gold, and Newmont Mining.
Currently, the analyst consensus on IAMGOLD is a Moderate Buy with an average price target of $5.96.
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The company has a one-year high of $5.35 and a one-year low of $1.44. Currently, IAMGOLD has an average volume of 4.75M.
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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.
