IAMGOLD Corp Receives “Sector Perform” Rating from Societe Generale (IAG)
IAMGOLD Corp (NYSE:IAG)‘s stock had its “sector perform” rating restated by equities research analysts at Societe Generale in a research note issued to investors on Monday. They currently have a $4.50 price target on the stock, up from their previous price target of $4.00. Societe Generale’s price objective points to a potential upside of 11.66% from the company’s current price.
Shares of IAMGOLD Corp (NYSE:IAG) traded up 0.74% on Monday, hitting $4.06. 6,508,246 shares of the company’s stock traded hands. IAMGOLD Corp has a 52-week low of $3.00 and a 52-week high of $7.08. The stock’s 50-day moving average is $3.86 and its 200-day moving average is $3.70. The company’s market cap is $1.530 billion.
IAMGOLD Corp (NYSE:IAG) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that IAMGOLD Corp will post $0.15 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on IAG. Analysts at CIBC cut their price target on shares of IAMGOLD Corp from $5.00 to $4.50 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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 analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. IAMGOLD Corp has a consensus rating of “Hold” and a consensus target price of $4.37.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.