IAMGold price target raised to $9.20 from $8.40 at CIBC

CIBC raised the firm’s price target on IAMGold (IAG) to $9.20 from $8.40 and keeps an Outperformer rating on the shares following quarterly results. The firm says it is rolling forward its CFPS valuation one quarter to a Q2/25-Q1/26 basis. In CIBC’s model for Q2-Q4, the firm now averages a slightly reduced overall processed grade at 4.10 g/t from 4.30 g/t previously. However, it has increased its average total quarterly throughput to 285kt from 269kt previously.