Freedom Broker Cuts IAMGOLD (IAG) Price Target to $22

Freedom Broker maintained its Buy rating on IAMGOLD Corporation (NYSE: IAG) while lowering its price target from $23.00 to $22.00 on October 22, 2026. The research note provides a forward-looking view from the firm as the gold producer navigates its operational pipeline.

IAG IAMGOLD Corporation

$16.30 ▲ +0.49% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Freedom Broker's Call on IAMGOLD

On October 22, 2026, Freedom Broker issued a research update on IAMGOLD Corporation, keeping a Buy rating while reducing its price target to $22.00 from its previous target of $23.00. This follows an earlier update from the firm on October 7, 2026. Other major financial institutions have also weighed in on the stock recently, with Scotiabank maintaining a Sector Perform rating and a $23.00 target on August 12, 2026, Jefferies initiating coverage with a Buy rating and a $24.00 target on August 21, 2026, and RBC Capital maintaining an Outperform rating while raising its target to $23.00 on September 16, 2026.

Other Institutional Activity in IAMGOLD

Large investment firms have adjusted their positions in IAMGOLD over recent reporting periods. Euro Pacific Asset Management grew its holdings by 67,821 shares, ending with 1,344,447 shares worth about $27,495,848. Van Eck Associates Corporation grew its stake by 987,485 shares to hold 38,110,975 shares valued at approximately $617,588,346. FIL LTD reduced its position by 1,519,767 shares, leaving it with 29,559,323 shares worth about $479,008,826. Millennium Management Llc increased its holdings by 2,232,191 shares, ending with 13,158,238 shares valued at approximately $213,229,245. Donald Smith & Co., Inc. trimmed its stake by 1,465,334 shares, finishing with 13,014,250 shares worth about $210,895,920.

IAMGOLD Corporation Stock Down 8.9%

IAMGOLD shares recently traded around $16.23 as of October 23, 2026, sitting about 1.2% lower than the closing price of $16.42 on the day of the analyst update. The stock's recent level places it below its 50-day moving average of $19.37 and beneath its 200-day moving average of $18.37. The share price sits below its 52-week high of $24.87 and above its 52-week low of $10.87. The current trading price remains below the analyst consensus target mean price of $22.92.

Recent Earnings

IAMGOLD reported trailing twelve month revenue of $3.68 billion alongside earnings of $1.82 per share. The company posted a net profit margin of 31.4% and a return on equity of 32.3%. The next corporate earnings release is scheduled for November 5, 2026.

Insider Buying and Selling at IAMGOLD Corporation

Director David Stewart Smith sold 31,000 shares of IAMGOLD on February 27, 2026, at an average price of $24.57, totaling $761,670 in a transaction that was not part of a planned Rule 10b5-1 trading arrangement.

Analysts Set New Price Targets

Wall Street sentiment leans positive, with the stock holding a consensus recommendation key of buy across six analyst opinions. Price targets span from a low of $20.50 to a high of $25.00, resulting in a mean target price of $22.92.

About IAMGOLD

IAMGOLD Corporation operates as a gold producer and developer with mining assets in Canada and Burkina Faso. Headquartered in Toronto, Canada, the company's key operations include the Côté Gold project located in northeastern Ontario. Founded in 1990, the company focuses on extracting and developing precious metal resources to supply global markets.

Bottom Line

Investors tracking IAMGOLD will look ahead to the company's upcoming earnings report on November 5, 2026, for further updates on operational progress. Market participants should also monitor how the stock price responds relative to Freedom Broker's updated $22.00 price target.