RBC Capital Keeps Their Sell Rating on IAMGOLD (IAG)

In a report released on January 30, Josh Wolfson from RBC Capital maintained a Sell rating on IAMGOLD (IAGResearch Report), with a price target of $2.00. The company’s shares closed yesterday at $2.87.

According to TipRanks, Wolfson is a 3-star analyst with an average return of 2.1% and a 56.23% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Barrick Gold, and Anglogold Ashanti.

IAMGOLD has an analyst consensus of Hold, with a price target consensus of $2.48.

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IAG market cap is currently $1.35B and has a P/E ratio of -4.76.

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IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.

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