IAMGOLD aspires to be a leading Canadian-focused gold producer with a modern multi-asset portfolio, empowered workforce, generating value for all stakeholders.

The company recently started production at Côté Gold – Canada’s next large-scale, long life gold mine which will be a model for modern mining in Canada.

Bullboard - Investor Discussion Forum IAMGOLD Corp T.IMG

Alternate Symbol(s): IAG

Metals & Mining Gold

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. The Company’s principal activities are the exploration, development and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is located in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and... see more

TSX:IMG - Post Discussion

IAMGOLD Corp > Projections of IAMGOLD Share Price -- Analysts

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Post by Luke555 on Feb 13, 2024 12:47pm

Projections of IAMGOLD Share Price -- Analysts

I’m expecting good news when IAMGOLD Corporation is set to release its fourth quarter and full year 2023 operating and financial results, along with the operating outlook for 2024, post-market hours on Thursday, February 15, 2024. Exciting times ahead!
Now, let’s delve into the projections from brokerage firms regarding IAMGOLD’s share price. These are 12 month price targets.

Here’s a summary of the price targets provided by analysts:

TD: $5.00
National Bank: $4.50
Scotia: $4.37
Bank of America: $4.30
RBC: $4.04
Canaccord: $4.00
Stifel: $3.50
BMO: $3.25
CIBC: $3.10

The range from the highest to the lowest projection is quite intriguing, isn’t it? It’s fascinating how different analysts interpret the same data. Overall, the consensus seems to be leaning towards a buy recommendation.

Now, let’s take a look at the current stock price for IAMGOLD. As of the latest update, IAMGOLD (traded as IMG on the Toronto Stock Exchange) is priced at C$3.30¹. Analysts have provided a consensus price target of C$4.06, which implies a forecasted upside of approximately 22.9% from the current price ¹. Keep an eye out for those good news announcements!

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