Analyst Ratings Coverage
National Bank Financial (Rank#18), has recently revised its 12-month target for IAMgold Corp. The new target stands at $4.75 up from $4.00 per share, reflecting a upward adjustment. Despite this change, National Bank Financial has maintained its Sector Perform Rating for the company.
This adjustment in the target price suggests that National Bank Financial expects IAMgold Corp to appreciate further in the near term. The revised target indicates a increase in the projected valuation of the company’s shares over the next 12 months.
It is important to note that National Bank Financial has chosen to retain its Sector Perform Rating for IAMgold Corp. This rating implies that the financial institution believes the company will perform in line with the average performance of other companies within its sector. While the target price has been adjusted, the Sector Perform Rating indicates that IAMgold Corp is not expected to significantly outperform or underperform its industry peers.
IMG Stock Forecast & Analysis
According to the IAMGold Corporation stock forecast provided by 13 analysts, the average analyst target price for the company is CAD 3.99 over the next 12 months. This average target price serves as an estimate of the stock’s potential value in the future, as determined by these analysts.
IAMGold Corporation’s average analyst rating is categorized as “Buy,” indicating that the majority of analysts surveyed have a positive outlook on the company’s prospects. This sentiment suggests that analysts believe IAMGold Corporation has the potential for growth and may outperform the market or its industry peers.
Stock Target Advisor’s own stock analysis of IAMGold Corporation leans slightly bearish. This analysis is based on a combination of signals, including both positive and negative factors. Four positive signals and six negative signals contribute to this slightly bearish assessment of the company’s stock.
As of the last closing, IAMGold Corporation’s stock price stood at CAD 3.95. It is important to consider the historical performance of the stock to gain a broader perspective. Over the past week, IAMGold Corporation’s stock price has experienced a decline of -10.63%. In the past month, the stock price has decreased by -5.05%. However, over the last year, the stock has shown a notable increase of +41.07%.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
