IAMGOLD Corp Price Target Lowered to $4.00 at Barclays (IAG)
Investment analysts at Barclays decreased their target price on shares of IAMGOLD Corp (NYSE:IAG) from $5.00 to $4.00 in a note issued to investors on Friday, ARN reports. The firm currently has an “underweight” rating on the stock. Barclays’ price objective would suggest a potential upside of 2.83% from the company’s current price.
IAMGOLD Corp (NYSE:IAG) traded up 4.37% on Friday, hitting $4.06. The stock had a trading volume of 4,606,594 shares. IAMGOLD Corp has a 52-week low of $3.15 and a 52-week high of $11.07. The stock has a 50-day moving average of $3.61 and a 200-day moving average of $4.69. The company has a market cap of $1.529 billion and a P/E ratio of 15.88.
IAMGOLD Corp (NYSE:IAG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.07 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.07. The company had revenue of $293.50 million for the quarter, compared to the consensus estimate of $346.24 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. Analysts expect that IAMGOLD Corp will post $0.35 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on IAG. Analysts at Canaccord Genuity upgraded shares of IAMGOLD Corp from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Macquarie downgraded shares of IAMGOLD Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of IAMGOLD Corp from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.96.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
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