Goldman Sachs Increases IAMGOLD Corp Price Target to C$3.30 (IMG)
Goldman Sachs lifted their price objective on shares of IAMGOLD Corp (TSE:IMG) from C$3.00 to C$3.30 in a research note issued on Wednesday. Goldman Sachs’ price target would suggest a potential downside of 24.66% from the company’s current price.
A number of other analysts have also recently weighed in on IMG. Analysts at TD Securities raised their price target on shares of IAMGOLD Corp from C$4.50 to C$5.00 in a research note on Thursday, July 10th. They now have a “hold” rating on the stock. Analysts at RBC Capital cut their price target on shares of IAMGOLD Corp from C$5.00 to C$4.50 in a research note on Wednesday, July 9th. They now have a “sector perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. IAMGOLD Corp currently has an average rating of “Hold” and an average price target of C$5.12.
IAMGOLD Corp (TSE:IMG) traded up 1.37% on Wednesday, hitting $4.44. The stock had a trading volume of 997,052 shares. IAMGOLD Corp has a 1-year low of $3.25 and a 1-year high of $7.45. The stock’s 50-day moving average is $4.18 and its 200-day moving average is $4.05. The company’s market cap is $1.673 billion.
IAMGOLD Corp (TSE:IMG) last released its earnings data on Thursday, August 14th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. On average, analysts predict that IAMGOLD Corp will post $0.13 earnings per share for the current fiscal year.
IAMGOLD Corporation (TSE:IMG) is a mining company.
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