Analysts Expect IGE Will Reach $51
ETF Analyst Target Prices: The iShares North American Natural Resources ETF (IGE) has an implied analyst target price of $51.47 per unit, indicating a potential upside of 15.17% from its current trading price of $44.69.
Individual Stock Upside Potential: Notable underlying holdings such as Cenovus Energy Inc, Equinox Gold Corp, and IAMGold Corp show significant upside potential based on analyst targets, with expected increases of 31.67%, 28.97%, and 27.99% respectively from their recent prices.
Trade with 70% Backtested Accuracy
Analyst Views on IAG
About IAG
About the author

- Earnings Forecast: This week, 475 companies are set to report earnings, with the materials, industrials, and consumer discretionary sectors expected to lead the market, indicating strong profit potential.
- Top Quant Ratings: IAMGOLD Corporation (IAG) leads with a near-perfect quant rating of 4.99, reflecting its superior performance on critical metrics such as valuation, growth, and profitability, likely attracting more investor interest.
- Sector Performance Divergence: Gold mining companies like Coeur Mining (CDE) and Newmont (NEM) also received high quant ratings of 4.96 and 4.93, respectively, showcasing strong growth potential in the materials sector, which may drive stock prices higher.
- Profit Growth Trend: Recent earnings reports indicate that 54 out of 81 companies achieved profit growth, further validating optimistic expectations for the materials sector, especially in the context of economic recovery.
- U.S. Stock Market Performance: U.S. stock indexes experienced gains on Monday, with the overall market rising by 0.90%.
- Specific Index Movements: The S&P 500 increased by 0.47%, while the Dow Jones Industrial Average saw a slight rise of 0.04%.
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
- Gold Production Data: Global gold production reached 3,645 tonnes in 2024, nearing historic stability levels, although new discoveries remain at multi-decade lows, indicating a growing focus on producers.
- Profitability Surge: With gold prices testing $4,900 and average all-in sustaining costs at $1,600 per ounce, profits in the mining sector surged 91% over the past twelve months, setting the stage for a re-rating in 2026.
- Lake Victoria Gold Progress: Lake Victoria Gold completed critical geotechnical studies at its Imwelo Project in Tanzania, supporting the consolidation of multiple isolated pits into a single continuous open pit, optimizing mine design and advancing production planning.
- Kinross Gold Expansion Plans: Kinross Gold announced the advancement of three organic growth projects expected to contribute 300,000 ounces of gold production annually between 2029 and 2031, further extending the mine life of its Nevada assets.
Record High for Silver Prices: Silver prices have reached a record high of $115.13 per ounce, marking a significant increase.
Percentage Increase: The price of silver has risen over 11% recently, contributing to its record-setting value.









