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Fly News Breaks for January 29, 2019
IAG
Jan 29, 2019 | 07:20 EDT
As previously reported, BMO Capital analyst Andrew Kaip upgraded IAMGold to Outperform and raised his price target to $5.00 from $3.75. The analyst cites the company's "positive" decision not to proceed with the construction of the Cote Gold project and contends that the risk profile of IAMGold is improved. Kaip says "incremental value additions" are more beneficial while the company "works to gain a social licence for advancing the Cote Gold project under more appropriate market conditions."
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