RBC Capital Keeps Their Buy Rating on IAMGOLD (IAG)
RBC Capital analyst Josh Wolfson maintained a Buy rating on IAMGOLD on March 2 and set a price target of $21.00. The company’s shares closed yesterday at C$33.16.
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Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Triple Flag Precious Metals, and Barrick Mining. According to TipRanks, Wolfson has an average return of 29.6% and a 72.33% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAMGOLD with a $25.71 average price target, representing a -22.47% downside. In a report released on February 26, Bank of America Securities also maintained a Buy rating on the stock with a $27.50 price target.
The company has a one-year high of C$34.09 and a one-year low of C$7.27. Currently, IAMGOLD has an average volume of 2.34M.
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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