Iamgold corporation (NYSE:Heal) is one of the 11 cheap gold stock to buy according to hedge funds. The Bank of American securities analyst Lawson Winder repeated a purchase score on Iamgold Corporation (NYSE: IAG) on June 15 and set a price target of $ 9.25.
The company's positive fiscal results of the company support the score, as its attributable production for the quarter totals 161,000 ounces of its three mine. Managers predict that the first quarter will be a quarter of the lightest production of the year, mainly due to maintenance and ramping activities that take place in coaté. He also expects an increase in the degree profile in Essakane.
Aerial view of the Rosebel gold mine in Suriname with its open pools spanning the landscape.
Iamgold Corporation (NYSE: IAG) reported that while production in Westwood has fallen compared to the previous quarter, it is expected to restore its history of solid piercing with continuous improvements in mine flexibility with Stope development. The management is optimistic in its production guide estimates from 735,000 to 820,000 ounces for the year.
Based in Canada, Iamgold Corporation (NYSE: IAG) is an intermediate gold developer and producer operating gold mining properties in West Africa and North America. His projects include Essakane, Westwood, and Cote Gold.
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