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RBC Capital Remains a Buy on IAMGOLD (IAG)

Tipranks - Tipranks - Fri Mar 13, 9:22PM 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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According to TipRanks, Wolfson is a top 100 analyst with an average return of 25.7% and a 70.29% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Barrick Mining, and Triple Flag Precious Metals.

In addition to RBC Capital, IAMGOLD also received a Buy from Bank of America Securities’s Sathish Kasinathan in a report issued on February 26. However, on February 25, Scotiabank maintained a Hold rating on IAMGOLD (NYSE: IAG).

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IAG market cap is currently C$17.43B and has a P/E ratio of 14.03.

Based on the recent corporate insider activity of 24 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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