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Bank of America Securities Keeps Their Buy Rating on IAMGOLD (IAG)

Tipranks - Tipranks - Tue Jan 20, 11:12AM CST

Bank of America Securities analyst Sathish Kasinathan maintained a Buy rating on IAMGOLD today and set a price target of $20.50.

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Kasinathan covers the Basic Materials sector, focusing on stocks such as IAMGOLD, Alamos Gold, and Commercial Metals Company. According to TipRanks, Kasinathan has an average return of 29.0% and an 85.71% success rate on recommended stocks.

In addition to Bank of America Securities, IAMGOLD also received a Buy from TipRanks – OpenAI’s OpenAI Gold in a report issued today. However, on the same day, TipRanks – PerPlexity downgraded IAMGOLD (NYSE: IAG) to a Hold.

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The company has a one-year high of C$25.33 and a one-year low of C$7.27. Currently, IAMGOLD has an average volume of 2.18M.

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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