IAMGOLD Receives Sector Perform Rating from RBC Capital (IMG)
IAMGOLD (TSE:IMG)‘s stock had its “sector perform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Friday, American Banking and Market News reports. They currently have a C$7.50 target price on the stock. RBC Capital’s price target would suggest a potential upside of 40.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial cut their price target on shares of IAMGOLD (TSE:IMG) from C$18.00 to C$14.00 in a research note to investors on Thursday, August 22nd. Separately, analysts at Scotiabank raised their price target on shares of IAMGOLD (TSE:IMG) from C$5.25 to C$6.50 in a research note to investors on Wednesday, August 14th. They now have a “sector outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of IAMGOLD (TSE:IMG) from C$5.50 to C$6.00 in a research note to investors on Wednesday, August 14th. They now have a “sector perform” rating on the stock.
One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$7.32.
Shares of IAMGOLD (TSE:IMG) traded up 3.93% on Friday, hitting $5.56. The stock had a trading volume of 1,632,131 shares. IAMGOLD has a 52 week low of $4.00 and a 52 week high of $16.45. The stock’s 50-day moving average is $5.92 and its 200-day moving average is $5.73. The company has a market cap of $2.094 billion and a P/E ratio of 14.08.
IAMGOLD Corporation (TSE:IMG) is a mining company.
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