IAG trades 10.6% below Wall Street's consensus target of $22.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes IAG achieves its forward estimates and maintains a stable P/E multiple of 9.4x. This scenario reflects the blended consensus of 30 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Iamgold Corporation (IAG) has a Wall Street consensus price target of $22.00, based on estimates from 30 covering analysts. With the stock currently trading at $19.89, this represents a potential upside of +10.6%. The company has a market capitalization of $11.50B.
Analyst price targets range from a low of $20.00 to a high of $24.00, representing a 18% spread in expectations. The median target of $22.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,11 rating it Hold, and 7 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, IAG trades at a trailing P/E of 17.1x and forward P/E of 9.4x. The forward PEG ratio of 0.14 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +6.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $23.67, with bear and bull scenarios of $14.91 and $31.18 respectively. Model confidence stands at 42/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 EGOEldorado Gold Corporation | $9.1B | $42.84 | $44.67 | +4.3% | Hold | 12.8x | 24 |
 CDECoeur Mining, Inc. | $19.9B | $19.32 | $21.50 | +11.3% | Buy | 17.8x | 21 |
 PAASPan American Silver Corp. | $20.3B | $48.11 | $73.00 | +51.7% | Buy | 13.2x | 25 |
 HLHecla Mining Company | $12.3B | $18.27 | $23.44 | +28.3% | Hold | 24.9x | 26 |
 KGCKinross Gold Corporation | $33.0B | $27.62 | $37.00 | +34.0% | Buy | 9.9x | 29 |
 NEMNewmont Corporation | $130.2B | $123.55 | $136.83 | +10.7% | Buy | 13.1x | 37 |
 AEMAgnico Eagle Mines Limited | $99.0B | $195.57 | $218.83 | +11.9% | Buy | 16.4x | 31 |
 AUAngloGold Ashanti plc | $49.9B | $98.74 | $98.50 | -0.2% | Buy | 11.0x | 14 |
 AGIAlamos Gold Inc. | $14.5B | $34.49 | $42.00 | +21.8% | Buy | 15.7x | 13 |
 OROR Royalties Inc. | $6.8B | $36.07 | $40.33 | +11.8% | Buy | 20.0x | 9 |
Quick answers to the most common questions about buying IAG stock.
Iamgold Corporation (IAG) has a consensus 12-month price target of $22, implying 10.6% upside from $19.89. The 30 analysts covering IAG see moderate appreciation potential.
IAG has a consensus rating of "Buy" based on 30 Wall Street analysts. The rating breakdown is mixed, with 11 Hold ratings making up the largest segment. The consensus 12-month price target of $22 implies 10.6% upside from current levels.
With a forward P/E of 9.4261x, IAG trades at a relatively low valuation. The consensus target of $22 implies 10.6% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $24 for IAG, while the most conservative target is $20. The consensus of $22 represents the median expectation. Our quantitative valuation model projects a bull case target of $31 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
IAG is heavily covered by Wall Street, with 30 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 11 recommend Hold, and 7 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month IAG stock forecast based on 30 Wall Street analysts shows a consensus price target of $22, with estimates ranging from $20 (bear case) to $24 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $24, with bear/bull scenarios of $15/$31.
Our quantitative valuation model calculates IAG's fair value at $24 (base case), with a bear case of $15 and bull case of $31. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 42/100.
IAG trades at a forward P/E ratio of 9.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 17.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on IAG, with a "Buy" consensus rating and $22 price target (10.6% upside). 12 of 30 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
IAG analyst price targets range from $20 to $24, a 18% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $22 consensus represents the middle ground. Our model's $15-$31 range provides an independent fundamental perspective.
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