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IAMGOLD (IAG) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Wed Aug 12, 8:56PM CDT

In a report released on August 10, Josh Wolfson from RBC Capital maintained a Buy rating on IAMGOLD, with a price target of $20.00. The company’s shares closed yesterday at C$25.63.

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According to TipRanks, Wolfson is a top 100 analyst with an average return of 23.1% and a 68.24% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Triple Flag Precious Metals, Agnico Eagle, and Barrick Mining.

In addition to RBC Capital, IAMGOLD also received a Buy from Bank of America Securities’s Sathish Kasinathan in a report issued on August 10. However, on August 7, Scotiabank maintained a Hold rating on IAMGOLD (NYSE: IAG).

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IAG market cap is currently C$14.77B and has a P/E ratio of 9.26.

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