Canaccord Genuity Maintains a Buy Rating on IAMGOLD Corporation (IAG)

IAMGOLD Corporation (NYSE:IAG) is one of the most profitable gold stocks to buy right now. In a report released on July 23, Carey MacRury from Canaccord Genuity maintained a Buy rating on IAMGOLD Corporation (NYSE:IAG) with a price target of C$15.75.

IAMGOLD Corporation (NYSE:IAG) reported attributable production totaling 161,000 ounces from its three mines in Q1 2025. Management also expressed confidence in its production guidance estimates for the year of 735,000 to 820,000 ounces.

The company attained a record throughput in March which totaled around one million tons, representing a monthly average throughput rate of 90%. This performance continued into the quarter, with the plant averaging 34,500 tpd or 96% of nameplate over the last 30 days, as reported on May 6.

Based in Canada, IAMGOLD Corporation (NYSE:IAG) is an intermediate gold developer and producer that operates gold mining properties in West Africa and North America. Its projects include Essakane, Westwood, and Cote Gold.

While we acknowledge the potential of IAG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.