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

2026-02-21 05:48:37

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CIBC has increased its price target for IAMGOLD (IAG) to $34 from $20, maintaining an Outperformer rating, due to updated higher forecasts for gold and copper prices. This adjustment is part of a broader sector review reflecting persistent demand drivers and geopolitical uncertainty. Scotiabank also recently raised its price target for IAMGOLD to $23 from $15, citing similar reasons related to economic and geopolitical uncertainty and strong central bank gold buying activity.

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