Scotia Capital Has Sector Outperform on IAMGOLD Corporation

Scotia Capital is out with a research report on IAMGOLD Corporation (NYSE: IAG) and it has a Sector Outperform rating and a $26 price target on shares.

In a note to clients, Scotia Capital writes, "IMG is focused on "unlocking shareholder value" through various aspects of the business: cost management (at the operating mines), brownfields growth, greenfields, and selective acquisitions, and monetizing part of the value of Niobec. In addition, it is looking to uncover the value of its REE."

Shares of IAG closed at $19.92 yesterday.