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IAMGold Corporation's Stock Analysis and Future Prospects
Financial Modeling Prep· 2026-02-05 00:11
Company Overview - IAMGold Corporation (NYSE:IAG) is a mid-tier mining company focused on gold exploration, development, and production, operating in North America, South America, and West Africa [1] - The company is recognized for its commitment to sustainable mining practices and community engagement [1] Stock Performance and Analyst Ratings - On February 4, 2026, CIBC set a price target of $34 for IAG, indicating a potential upside of approximately 80.55% from its trading price of $18.83 [2] - The stock opened at $18.79 after closing at $20.88, with a last traded price of $19.15, reflecting a decrease of about 4.52% [2] - Analyst evaluations are mixed, with Raymond James Financial increasing their price target from $9.00 to $13.00 and assigning a "market perform" rating [3] - Wall Street Zen upgraded the stock from a "hold" to a "buy" rating, while Zacks Research downgraded it from a "strong-buy" to a "hold" rating [3] - Weiss Ratings maintained a "buy" rating, and Scotiabank raised their price objective to $23.00 [4] Market Capitalization and Trading Activity - IAMGold's market capitalization is approximately $11.07 billion, with a trading volume of 7,333,437 shares for the day [5] - The stock has experienced significant volatility, with a yearly high of $22.43 and a low of $5.02, indicating fluctuations in investor sentiment [4][6]