BMO Capital's Matthew Murphy has resumed coverage of IAMGold (IAG, Financial), assigning an Outperform rating and setting a price target of C$12. The analyst highlights 2025 as a critical year for the company, anticipating significant developments aligned with the increase in production at the Cote project.
Murphy expects IAMGold to benefit from escalating production and decreasing unit costs, alongside the conclusion of gold pre-pays. Additionally, a probable restructuring of the company's debt is on the horizon. Despite these positive forecasts, Murphy notes that IAMGold's stock is currently priced at a significant discount compared to its intermediate peers, suggesting potential for upward revaluation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Iamgold Corp (IAG, Financial) is $7.66 with a high estimate of $10.65 and a low estimate of $4.25. The average target implies an upside of 2.93% from the current price of $7.44. More detailed estimate data can be found on the Iamgold Corp (IAG) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Iamgold Corp's (IAG, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Iamgold Corp (IAG, Financial) in one year is $6.14, suggesting a downside of 17.47% from the current price of $7.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Iamgold Corp (IAG) Summary page.
