IAMGOLD Corp Price Target Cut to C$4.50 (IMG)
Analysts at RBC Capital lowered their price target on shares of IAMGOLD Corp (TSE:IMG) from C$5.00 to C$4.50 in a research report issued to clients and investors on Wednesday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 1.12% from the company’s current price.
IAMGOLD Corp (TSE:IMG) traded up 5.70% on Wednesday, hitting $4.45. The stock had a trading volume of 2,031,423 shares. IAMGOLD Corp has a 52-week low of $3.25 and a 52-week high of $7.45. The stock has a 50-day moving average of $4.01 and a 200-day moving average of $4.01. The company’s market cap is $1.677 billion.
IAMGOLD Corp (TSE:IMG) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Analysts expect that IAMGOLD Corp will post $0.12 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mackie cut their price target on shares of IAMGOLD Corp from C$4.80 to C$4.00 in a research note on Thursday, May 8th. They now have a “hold” rating on the stock. Analysts at Cormark upgraded shares of IAMGOLD Corp from a “reduce” rating to a “market perform” rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$5.22.
IAMGOLD Corporation (TSE:IMG) is a mining company.