IAMGOLD (IMG) Stock Forecast & Price Target

C$6.99

+0.21 (+3.10%)

(As of 10/16/2024 ET)

IAMGOLD - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 6 Analyst Ratings

Sell
0

Hold
2

Buy
4

Based on 6 Wall Street analysts who have issued ratings for IAMGOLD in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for IMG.

Consensus Price Target

C$6.12
-12.49% Downside

According to the 6 analysts' twelve-month price targets for IAMGOLD, the average price target is C$6.12. The highest price target for IMG is C$11.00, while the lowest price target for IMG is C$3.25. The average price target represents a forecasted downside of -12.49% from the current price of C$6.99.

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IMG Analyst Ratings Over Time

Type	Current Forecast 10/18/23 to 10/17/24	1 Month Ago 9/18/23 to 9/17/24	3 Months Ago 7/20/23 to 7/19/24	1 Year Ago 10/18/22 to 10/18/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$6.12	C$5.70	C$5.03	C$4.21
Forecasted Upside	-12.49% Downside	-23.08% Downside	-8.97% Downside	31.29% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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IMG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IMG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

IAMGOLD Stock vs. The Competition

Type	IAMGOLD	Basic Materials Companies
Consensus Rating Score	2.83	2.75
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent IMG News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/10/2024	National Bankshares 1 of 5 stars		Upgrade	Sector Perform ➝ Outperform	C$8.50 ➝ C$11.00	+66.92%
10/9/2024	National Bank Financial 5 of 5 stars	M. Parkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
9/10/2024	Royal Bank of Canada 4 of 5 stars	W. Lam Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
7/23/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$5.50 ➝ C$6.00	+6.95%
4/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$3.00 ➝ C$5.25	+3.55%
4/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$4.40 ➝ C$6.20	+24.50%
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12/19/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$3.50 ➝ C$3.25	-8.45%
11/13/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$5.50 ➝ C$5.00	+64.47%
8/14/2023	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$6.00 ➝ C$5.50	+74.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:19 AM ET.

IMG Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for IAMGOLD is C$6.12, with a high forecast of C$11.00 and a low forecast of C$3.25.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IAMGOLD in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IMG shares.
: According to analysts, IAMGOLD's stock has a predicted downside of -12.49% based on their 12-month stock forecasts.
: Over the previous 90 days, IAMGOLD's stock had 3 upgrades and 1 downgrade by analysts.
: IAMGOLD has been rated by research analysts at Canaccord Genuity Group, National Bank Financial, National Bankshares, and Royal Bank of Canada in the past 90 days.
: Analysts like IAMGOLD more than other "basic materials" companies. The consensus rating score for IAMGOLD is 2.83 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how IMG compares to other companies.

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This page (TSE:IMG) was last updated on 10/17/2024 by MarketBeat.com Staff

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