CIBC Raises IAMGOLD (IAG) PT to $34 Amid Higher Gold Forecasts

IAMGOLD Corporation (NYSE:IAG) is one of the most undervalued Canadian stocks to buy according to hedge funds. On February 4, CIBC raised its price target for IAMGold to $34 from $20 with an Outperformer rating. The adjustment is part of a broader sector update in which CIBC raised its gold price forecasts. The firm also increased its copper price assumptions. CIBC stated that while the demand drivers seen in 2025 are expected to persist through 2026, the market remains influenced by heightened geopolitica ...