CIBC Reiterates Sector Perform Rating for IAMGOLD Corp (IAG)
IAMGOLD Corp (NYSE:IAG)‘s stock had its “sector perform” rating reaffirmed by investment analysts at CIBC in a note issued to investors on Thursday. They currently have a $4.50 target price on the stock, down from their previous target price of $5.00. CIBC’s price objective would indicate a potential upside of 16.88% from the stock’s previous close.
Shares of IAMGOLD Corp (NYSE:IAG) traded up 6.04% on Thursday, hitting $4.0826. 2,419,903 shares of the company’s stock traded hands. IAMGOLD Corp has a 1-year low of $3.00 and a 1-year high of $7.08. The stock has a 50-day moving average of $3.86 and a 200-day moving average of $3.69. The company’s market cap is $1.538 billion.
IAMGOLD Corp (NYSE:IAG) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.01. The company had revenue of $288.60 million for the quarter, compared to the consensus estimate of $274.57 million. Analysts expect that IAMGOLD Corp will post $0.15 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on IAG. Analysts at RBC Capital cut their price target on shares of IAMGOLD Corp from $5.00 to $4.50 in a research note on Wednesday, July 9th. Analysts at Roth Capital cut their price target on shares of IAMGOLD Corp from $3.50 to $3.25 in a research note on Friday, May 30th. Four equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $4.35.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
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