Scotiabank raised the firm’s price target on IAMGold (IAG) to $23 from $15 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IAG:
- IAMGold price target raised to C$32 from C$23.50 at Canaccord
- IAMGold rises 16.2%
- IAMGOLD Delivers Record 2025 Output and Sets 2026 Guidance as Côté Gold Ramp-Up Exceeds Targets
- IAMGold price target raised to $20.50 from $17.50 at BofA
- IAMGOLD Hits Record Operational Milestones in 2025 and Sets Growth-Focused 2026 Plan