Should I Buy IAG? IAG 2026 Analysis

Should You Buy IAMGOLD Corp (IAG) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

19.120

1 Day change

6.34%

52 Week Range

22.430

Analysis Updated At

2026/02/04

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Buy now: Despite a soft close (-1.84%), the broader trend remains constructive (bullish SMA stack) and sentiment is strongly bullish (call-heavy options + multiple price target raises).
Near-term setup: Price is below the pivot (20.072) and closer to support (18.246), which offers a favorable entry location for an impatient buyer looking for upside back toward resistance.
Upside levels to watch: First technical upside area is 21.898 (R1), then 23.026 (R2)—also aligns with the newest raised targets.
Main near-term risk: Momentum is weakening (MACD histogram negative and expanding), so the stock may chop/retreat before resuming the uptrend—still acceptable for an “enter now” profile given the sentiment/analyst tailwinds and nearby support.

Technical Analysis

Trend: Bullish moving-average structure (SMA_5 > SMA_20 > SMA_200) suggests the primary trend is still up.
Momentum: MACD histogram -0.196 and negatively expanding = bearish momentum building short-term.
RSI: RSI_6 47.03 (neutral) = not overbought; room for a move either way.
Key levels: Pivot 20.072 (price below it = near-term caution), Support 18.246 (S1) / 17.118 (S2), Resistance 21.898 (R1) / 23.026 (R2).
Pattern-based odds (provided): Modest expected drift higher (next week +0.97% median-like outcome), not a high-conviction short-term edge.

Intellectia Proprietary Trading Signals

AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning/Sentiment: Put-Call ratios are extremely low (calls dominate), signaling bullish trader sentiment.
Open interest: Calls OI 68,330 vs Puts OI 19,779 (skewed bullish).
Volatility: IV (30d) ~75.8 with IV percentile 94.82 = options pricing implies elevated expected moves (and/or recent realized volatility).

Technical Summary

Sell

Buy

Positive Catalysts

- Wall Street target raises clustered in January 2026, reflecting improving expectations for gold-linked miners and IAMGOLD specifically.
- Macro tailwind framing from analysts: increased gold/silver forecasts tied to geopolitical/economic uncertainty and central bank buying.
- Upcoming earnings catalyst: QDEC 2025 earnings on 2026-02-19 (After Hours) with EPS estimate 0.53 (a beat could drive a sharp move given elevated IV).
- Options market tone: strongly call-skewed activity supports bullish sentiment into the next window.

Neutral/Negative Catalysts

- Short-term momentum deterioration: MACD is negative and worsening, which can precede additional downside/chop.
- Earnings event risk: with elevated implied volatility, the post-earnings reaction could be large in either direction.
- No supportive news flow this week: no fresh catalysts reported in the last week; price may be more macro/commodity-driven until earnings.

Financial Performance

Latest reported quarter: 2025/Q3
Revenue: $706.7M, +65.04% YoY (strong top-line growth).
Profitability: Net income $139.4M, -76.54% YoY and EPS $0.24, -76.70% YoY (earnings contraction despite revenue growth).
Margins: Gross margin 38.55%, +10.21% YoY (operating economics improving at the gross level, but net results lagged—likely below-the-line pressure).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Trend (recent): Clear improvement—multiple firms raised price targets in Jan 2026.
Key updates:
- Canaccord (2026-01-23): PT raised to C$32, Buy.
- BofA (2026-01-19): PT raised to $20.50, Buy.
- Scotiabank (2026-01-26): PT raised to $23, Sector Perform (more neutral rating despite higher target).
Wall Street pros: Higher gold-price assumptions, supportive macro narrative, and raised targets suggest continued institutional sponsorship.
Wall Street cons: Not unanimous—at least one major firm remains more neutral (Sector Perform), implying some view the easy re-rating may already be partly realized.

7 Analyst Rating

Wall Street analysts forecast IAG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for IAG is 17.83 USD with a low forecast of 15 USD and a high forecast of 21 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

6 Buy

1 Hold

0 Sell

Strong Buy

Current: 17.980

Low

Averages

17.83

High

Current: 17.980

Low

Averages

17.83

High

CIBC

Outperformer

maintain

$20 -> $34

AI Analysis

2026-02-04

New

Reason

CIBC

Price Target

$20 -> $34

AI Analysis

2026-02-04

New

maintain

Outperformer

Reason

CIBC raised the firm's price target on IAMGold to $34 from $20 and keeps an Outperformer rating on the shares. CIBC increased targets across the precious metals group after upped its gold price forecasts to $6,000 per ounce in 2026 and $6,500 in 2027. It also upped copper price assumptions. The same demand drivers from 2025 will remain in place in 2026 but there is heightened geopolitical uncertainty, the analyst tells investors in a research note.

Scotiabank

Sector Perform

maintain

$15 -> $23

2026-01-26

Reason

Scotiabank

Price Target

$15 -> $23

2026-01-26

maintain

Sector Perform

Reason

Scotiabank raised the firm's price target on IAMGold to $23 from $15 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.

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IAG Should I Buy

IAG Should I Buy

Should You Buy IAMGOLD Corp (IAG) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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