IAMGOLD Lowered to Hold at Canaccord Genuity (IMG)
IAMGOLD (TSE:IMG) was downgraded by investment analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Analyst Ratings News reports.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley downgraded shares of IAMGOLD to an “underweight” rating in a research note to investors on Tuesday, November 26th. Separately, analysts at CIBC reiterated a “sector perform” rating on shares of IAMGOLD in a research note to investors on Friday, November 8th. They now have a C$6.00 price target on the stock. Finally, analysts at HSBC downgraded shares of IAMGOLD from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a C$5.30 price target on the stock, down previously from C$6.20. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$6.31.
Shares of IAMGOLD (TSE:IMG) traded down 8.44% during mid-day trading on Wednesday, hitting $4.12. 3,670,365 shares of the company’s stock traded hands. IAMGOLD has a 52-week low of $3.33 and a 52-week high of $10.15. The stock’s 50-day moving average is $3.89 and its 200-day moving average is $4.92. The company has a market cap of $1.552 billion and a P/E ratio of 18.75.
IAMGOLD Corporation (TSE:IMG) is a mining company.
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