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IAMGOLD (IAG) Gets a Hold from Scotiabank
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IAMGOLD (IAG) Gets a Hold from Scotiabank

In a report released today, Tanya Jakusconek from Scotiabank maintained a Hold rating on IAMGOLD (IAGResearch Report), with a price target of $5.50. The company’s shares closed yesterday at $5.32.

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Jakusconek covers the Basic Materials sector, focusing on stocks such as Barrick Gold, Wheaton Precious Metals, and Kinross Gold. According to TipRanks, Jakusconek has an average return of 6.6% and a 58.40% success rate on recommended stocks.

Currently, the analyst consensus on IAMGOLD is a Moderate Buy with an average price target of $6.30.

IAG market cap is currently $3.04B and has a P/E ratio of 21.14.

Based on the recent corporate insider activity of 16 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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IAMGOLD (IAG) Company Description:

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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