IAMGOLD Given Average Recommendation of “Hold” by Brokerages (TSE:IMG)
Shares of IAMGOLD (TSE:IMG) have received a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the company, Stock Ratings News reports. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$5.82.
Shares of IAMGOLD (TSE:IMG) traded down 1.13% during mid-day trading on Wednesday, hitting $4.37. 722,975 shares of the company’s stock traded hands. IAMGOLD has a 52 week low of $3.33 and a 52 week high of $8.66. The stock’s 50-day moving average is $4.00 and its 200-day moving average is $4.84. The company has a market cap of $1.646 billion and a P/E ratio of 18.42.
A number of analysts have recently weighed in on IMG shares. Analysts at National Bank Financial cut their price target on shares of IAMGOLD from C$7.50 to C$6.25 in a research note on Thursday, January 23rd. They now have an “outperform” rating on the stock. Separately, analysts at NBF cut their price target on shares of IAMGOLD from C$7.50 to C$6.25 in a research note on Thursday, January 23rd. Finally, analysts at Canaccord Genuity downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.
IAMGOLD Corporation (TSE:IMG) is a mining company.
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