IAMGOLD Corp PT Lowered to $3.25 (IAG)
Research analysts at Roth Capital reduced their target price on shares of IAMGOLD Corp (NYSE:IAG) from $3.50 to $3.25 in a report released on Friday. Roth Capital’s target price points to a potential upside of 5.52% from the stock’s previous close.
Shares of IAMGOLD Corp (NYSE:IAG) opened at 3.08 on Friday. IAMGOLD Corp has a one year low of $3.00 and a one year high of $7.08. The stock’s 50-day moving average is $3.39 and its 200-day moving average is $3.70. The company’s market cap is $1.161 billion.
IAMGOLD Corp (NYSE:IAG) last announced its earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $279.30 million for the quarter, compared to the consensus estimate of $278.78 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 8.5% on a year-over-year basis. On average, analysts predict that IAMGOLD Corp will post $0.16 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TD Securities cut their price target on shares of IAMGOLD Corp from C$5.00 to C$4.50 in a research note on Thursday, May 8th. They now have a “hold” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of IAMGOLD Corp to $5.00 in a research note on Wednesday, May 7th. They now have a “hold” rating on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of IAMGOLD Corp from $4.00 to $3.75 in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.87.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
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