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Scotiabank Sticks to Its Hold Rating for IAMGOLD (IAG)

Tipranks - Tipranks - Thu Feb 19, 6:28AM CST

Scotiabank analyst Tanya Jakusconek maintained a Hold rating on IAMGOLD today and set a price target of $23.00.

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Jakusconek covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Agnico Eagle, and Compania de Minas Buenaventura SAA. According to TipRanks, Jakusconek has an average return of 25.4% and a 66.67% success rate on recommended stocks.

In addition to Scotiabank, IAMGOLD also received a Hold from TipRanks – Anthropic’s Anthropic Gold in a report issued on February 4. However, on February 10, Stifel Nicolaus maintained a Buy rating on IAMGOLD (NYSE: IAG).

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IAG market cap is currently C$17.53B and has a P/E ratio of 34.66.

Based on the recent corporate insider activity of 28 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.

Read More on IAG:

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