IAMGold upgraded to Outperformer from Neutral at CIBC

CIBC analyst Anita Soni upgraded IAMGold (IAG) to Outperformer from Neutral with a price target of $7.60, up from $6.40. The firm believes the current share price represents an “attractive enough entry point.” With Essakane generating significant free cash flow and Westwood now swinging to cash flow positive, IAMGold is an attractive takeout candidate in 2025 for the ownership interest in Cote, the analyst tells investors in a research note.