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RBC Capital Reaffirms Their Hold Rating on IAMGOLD (IAG)

RBC Capital Reaffirms Their Hold Rating on IAMGOLD (IAG)

In a report released on July 28, Michael Siperco from RBC Capital maintained a Hold rating on IAMGOLD, with a price target of $9.00. The company's shares closed yesterday at $6.97.
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Siperco covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Orla Mining, and Equinox Gold. According to TipRanks, Siperco has an average return of 22.5% and a 64.67% success rate on recommended stocks.
In addition to RBC Capital, IAMGOLD also received a Hold from TR | OpenAI – 4o's Orla Bullionna in a report issued on July 22. However, on July 28, Bank of America Securities reiterated a Buy rating on IAMGOLD (NYSE: IAG).
Based on IAMGOLD's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $477.1 million and a net profit of $39.7 million. In comparison, last year the company earned a revenue of $338.9 million and had a net profit of $54.8 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IAG in relation to earlier this year.
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