10 Must-Buy Canadian Stocks to Invest in

6. IAMGOLD Corporation (NYSE:IAG)

Number of Hedge Fund Holders: 27

Upside Potential: 21.39%

IAMGOLD Corporation (NYSE:IAG) is included in our list of the 10 Must-Buy Canadian Stocks to Invest in.

Analysts took notice of IAMGOLD Corporation (NYSE:IAG) on August 18, 2025, when Bank of America Securities and Canaccord Genuity both reaffirmed their Buy ratings and price targets of $9.50 and $11.20, respectively. RBC Capital maintained a more cautious Hold rating with a $9.00 target earlier on August 12.

The divergent opinions come after IAMGOLD’s Q2 results from August 7, which showed that attributable production had reached 173,000 ounces. Côté Gold’s ramp-up to nameplate capacity and consistent output from Westwood and Essakane helped support this outcome. Due to strong gold prices, IAMGOLD Corporation (NYSE:IAG) is on track to meet its full-year target of 735,000–820,000 ounces, with first-half production of 334,000 ounces and second-half projections of 400,000–485,000 ounces.

The Canadian gold miner IAMGOLD Corporation (NYSE:IAG) operates mines in both North America and West Africa.