CIBC Raises IAMGOLD (IAG) PT to $34 Amid Higher Gold Forecasts

3 weeks ago 22

Maham Fatima

Fri, February 6, 2026 astatine 9:36 AM CST 1 min read

IAMGOLD Corporation (NYSE:IAG) is 1 of the most undervalued Canadian stocks to bargain according to hedge funds. On February 4, CIBC raised its terms people for IAMGold to $34 from $20 with an Outperformer rating. The accommodation is portion of a broader assemblage update successful which CIBC raised its golden terms forecasts. The steadfast besides accrued its copper terms assumptions. CIBC stated that portion the request drivers seen successful 2025 are expected to persist done 2026, the marketplace remains influenced by heightened geopolitical uncertainty.

Furthermore, connected January 26, Scotiabank besides raised its terms people for IAMGOLD Corporation (NYSE:IAG) to $23 from $15 portion keeping a Sector Perform standing connected the shares. This accommodation was announced arsenic portion of the firm’s broader update to its terms targets for golden and precious minerals stocks.

CIBC Raises IAMGOLD (IAG) PT to $34 Amid Higher Gold Forecasts

Pixabay/Public Domain

These adjustments bespeak an summation successful some golden and metallic terms forecasts. The steadfast noted that these revised estimates are supported by ongoing economical and geopolitical uncertainty, arsenic good arsenic continued beardown buying enactment from cardinal banks.

IAMGOLD Corporation (NYSE:IAG), done its subsidiaries, operates arsenic a golden shaper and developer successful Canada and Burkina Faso.

While we admit the imaginable of IAG arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.