IAMGOLD Receives New Coverage from Analysts at Roth Capital (IMG)
Investment analysts at Roth Capital began coverage on shares of IAMGOLD (TSE:IMG) in a note issued to investors on Thursday, Analyst Ratings Network reports. The firm set a “buy” rating and a C$5.50 price target on the stock. Roth Capital’s target price would indicate a potential upside of 18.28% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of IAMGOLD in a research note to investors on Friday, September 20th. They set a “sell” rating and a C$3.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of IAMGOLD in a research note to investors on Friday, September 13th. They now have a C$7.50 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of IAMGOLD from C$11.00 to C$10.00 in a research note to investors on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$6.88.
Shares of IAMGOLD (TSE:IMG) traded down 0.64% during mid-day trading on Thursday, hitting $4.65. 1,706,619 shares of the company’s stock traded hands. IAMGOLD has a 1-year low of $4.00 and a 1-year high of $16.45. The stock has a 50-day moving average of $5.93 and a 200-day moving average of $5.71. The company has a market cap of $1.751 billion and a price-to-earnings ratio of 12.32.
IAMGOLD Corporation (TSE:IMG) is a mining company.
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