Bank of America Securities and Canaccord Genuity Both Reaffirm ‘Buy’ Rating on IAMGOLD Corporation (IAG)

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

Bank of America Securities and Canaccord Genuity Both Reaffirm ‘Buy’ Rating on IAMGOLD Corporation (IAG)

A close-up of a hand placing a block of gold into a safe.

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.

While we acknowledge the potential of IAG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IAG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Gold Penny Stocks to Buy According to Hedge Funds and 11 Best Rebound Stocks to Buy According to Hedge Funds.

Disclosure: None.