Key Takeaways:
- IAMGOLD Corporation (IAG, Financial) saw a significant 5.68% increase amidst rising gold prices and market fluctuations.
- Analysts project an average target price of $7.66, suggesting potential price adjustments.
- Current market valuations and expert recommendations indicate varied investment opportunities.
IAMGOLD Corporation (IAG) showcased a robust performance by climbing 5.68% on Thursday, hitting $6.88 per share. This uptick marks a four-day streak of gains as investors turn to gold amid heightened market volatility. With gold prices edging up by 0.35%, IAMGOLD emerged as a notable top performer on Thursday.
Wall Street Analysts Forecast
According to the one-year price targets provided by 10 analysts, Iamgold Corp's (IAG, Financial) average target price is set at $7.66. Projections span a high estimate of $10.65 and a low of $4.25, suggesting an anticipated downside of 5.10% from the current price of $8.07. For further details, investors can explore the Iamgold Corp (IAG) Forecast page.
The consensus from eight brokerage firms currently places Iamgold Corp (IAG, Financial) with an average recommendation of 2.3, indicating an "Outperform" status. The brokerage rating system ranges from 1 to 5, with 1 representing a Strong Buy and 5 pointing to a Sell.
From the perspective of GuruFocus metrics, the estimated GF Value for Iamgold Corp (IAG, Financial) over the coming year is $6.29. This suggests a potential downside of 22.06% from the current share price of $8.07. GF Value represents GuruFocus's estimation of the fair trading value of the stock, calculated through historical trading multiples, past business growth, and expected future performance. Additional insights can be found on the Iamgold Corp (IAG) Summary page.
