IAMGOLD (IAG) Stock Forecast & Price Target

Iamgold is expected to continue experiencing strong growth, driven by an increase in sales across all segments, including a notable increase in Canada Individual Insurance sales. The company's increase in buyback and continued strength in the seg fund business also add to the positive outlook. However, there may be some challenges with a higher tax rate and a modest decline in BVPS, which may limit potential upside for the stock.

Iamgold is expected to face near-term headwinds, including elevated incentive compensation and adverse seasonality, which resulted in a significant 11% decline in stock price. Furthermore, Q4 results were lower than both consensus expectations and our own estimate, driven by weaker profits in non-gold mine segments and higher expenses. With a relatively uncertain near-term outlook, we have a Negative outlook on Iamgold's stock and have downgraded our price target to $174 based on a lower P/BV multiple of 1.90x on our BVPS estimate for the end of 2027.