BofA raised the firm’s price target on IAMGold (IAG) to $7.75 from $6.65 and keeps a Buy rating on the shares. The firm updated its model for 2024 operating results and 2025 guidance that were published on January 14, as well as the technical report for the Westwood mine complex filed on January 10. The firm notes that IAMGold is scheduled to report results on Thursday, February 20 and says the focus will be on the ramp up of Cote Gold, the security situation in Burkina Faso, and the longer-term strategy.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IAG:
- IAG Earnings this Week: How Will it Perform?
- IAMGold price target raised to C$13.50 from C$12 at National Bank
- IAMGold price target raised to C$9.50 from C$9 at Stifel
- IAMGold upgraded to Market Perform from Underperform at Raymond James
- Jefferies Euro transporation analyst holds analyst/industry conference call
Questions or Comments about the article? Write to editor@tipranks.com