UPDATE: BMO Capital Markets Downgrades IAMGOLD Corporation to Market Perform on Higher Costs
BMO Capital Markets downgraded IAMGOLD Corporation (NYSE: IAG ) with a Equal-weight and lowered the price target from $16.00 to $14.00. BMO Capital Markets noted, "Attributable gold sales of 214koz on production of 205koz at cash costs expected to be ~US$674-716/oz are in line with BMO Research forecast of 211koz
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