BMO Capital Starts IAMGOLD (IAG) at Market Perform

BMO Capital initiates coverage on IAMGOLD (NYSE: IAG) with a Market Perform rating and a price target of $4.75.

Analyst Andrew Kaip commented, "We are initiating coverage of IAMGOLD (IAG-NYSE) with a Market Perform rating and $4.75 target price. Despite a stable production profile, optionality to growth, relative balance sheet strength and improving track record, IAG appears fully valued relative to peers at current gold prices. A short reserve life and high costs relative to peers influence our view. For those investors with a positive outlook on gold, IAG provides above-average liquidity and leverage relative to peers."

For an analyst ratings summary and ratings history on IAMGOLD click here. For more ratings news on IAMGOLD click here.

Shares of IAMGOLD closed at $4.73 yesterday.

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