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Fly News Breaks for January 18, 2019
IAG
Jan 18, 2019 | 07:07 EDT
BMO Capital analyst Andrew Kaip downgraded IAMGold to Market Perform and lowered his price target to $3.75 from $6.00 after the company's disappointing 2019 production guidance. The analyst adds that the "read-through on the $170M gold forward sale" suggests that IAMGold is heading for a Cote development phase in the future and believes that the "elevated risk profile of greenfield development" justifies the downgrade.
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IAG
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