Scotiabank Issues Positive Forecast for Iamgold (NYSE:IAG) Stock Price

Posted by on Aug 12th, 2026

Iamgold (NYSE:IAG – Get Free Report) (TSE:IMG) had its price target upped by Scotiabank from $22.00 to $23.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the mining company’s stock. Scotiabank’s price target points to a potential upside of 25.71% from the company’s previous close.

A number of other brokerages have also issued reports on IAG. Weiss Ratings lowered shares of Iamgold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Wall Street Zen downgraded shares of Iamgold from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada reduced their price target on shares of Iamgold from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Bank of America lowered their price objective on shares of Iamgold from $22.50 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Iamgold has a consensus rating of “Moderate Buy” and a consensus price target of $19.20.

Check Out Our Latest Stock Report on Iamgold

Iamgold Stock Performance

Shares of NYSE IAG traded up $0.14 during trading hours on Wednesday, reaching $18.30. The stock had a trading volume of 1,782,775 shares, compared to its average volume of 7,131,084. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.83 and a beta of 1.32. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 0.10. Iamgold has a fifty-two week low of $7.89 and a fifty-two week high of $24.87. The firm has a 50-day moving average of $15.77 and a 200-day moving average of $18.08.

Iamgold (NYSE:IAG – Get Free Report) (TSE:IMG) last released its quarterly earnings results on Thursday, August 6th. The mining company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $845.97 million for the quarter, compared to analyst estimates of $882.92 million. Iamgold had a return on equity of 28.97% and a net margin of 31.40%. Equities research analysts predict that Iamgold will post 1.96 earnings per share for the current year.

Institutional Trading of Iamgold

Several hedge funds have recently made changes to their positions in the company. Ninety One UK Ltd raised its position in Iamgold by 22.3% in the fourth quarter. Ninety One UK Ltd now owns 5,144,604 shares of the mining company’s stock worth $84,835,000 after acquiring an additional 938,855 shares in the last quarter. PKO Investment Management Joint Stock Co boosted its position in shares of Iamgold by 42.1% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 270,000 shares of the mining company’s stock worth $4,464,000 after purchasing an additional 80,000 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Iamgold by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 23,836,156 shares of the mining company’s stock worth $393,328,000 after purchasing an additional 1,068,465 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Iamgold by 4.7% during the 1st quarter. Bank of America Corp DE now owns 9,589,342 shares of the mining company’s stock worth $180,471,000 after purchasing an additional 434,188 shares during the period. Finally, L1 Capital Pty Ltd grew its stake in shares of Iamgold by 961.5% during the 4th quarter. L1 Capital Pty Ltd now owns 1,252,077 shares of the mining company’s stock worth $20,647,000 after purchasing an additional 1,134,119 shares during the period. Institutional investors and hedge funds own 47.08% of the company’s stock.

About Iamgold

(Get Free Report)

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.

Further Reading

Analyst Recommendations for Iamgold (NYSE:IAG)

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