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RBC Capital Reaffirms Their Buy Rating on IAMGOLD (IAG)

Tipranks - Tipranks - Thu Apr 16, 8:54PM CDT

In a report released yesterday, Josh Wolfson from RBC Capital maintained a Buy rating on IAMGOLD, with a price target of $30.00.

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Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Barrick Mining, and Franco-Nevada. According to TipRanks, Wolfson has an average return of 24.7% and a 68.68% success rate on recommended stocks.

In a report released on April 5, Bank of America Securities also reiterated a Buy rating on the stock with a $27.50 price target.

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IAG market cap is currently C$16.41B and has a P/E ratio of 14.03.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IAG in relation to earlier this year.

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