IAMGold price target lowered to $6 from $6.50 at Raymond James

Raymond James lowered the firm’s price target on IAMGold (IAG) to $6 from $6.50 and keeps an Underperform rating on the shares. The company’s Q4 production results were lower than expectations on a slower ramp up at the Cote mine and lower than expected grade at Essakane, the analyst tells investors in a research note. The firm says IAMGold’s 2025 production guidance was lower than expected at the Cote mine on a longer than expected mill ramp up and lower grade than previously forecast.