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Fly News Breaks for August 8, 2016
IAG
Aug 8, 2016 | 07:51 EDT
As noted earlier, RBC Capital upgraded IAMGOLD to Sector Perform from Underperform. As reasons for the upgrade, analyst Dan Rollins cited what he sees as the company's "improving operational performance and positive cost trends," along with higher gold prices. The analyst expects the company's cash flow to be positive in 2H16. Target to $6.50 from $5.50.
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