IAMGOLD Corp (TSE:IMG) Receives Consensus Recommendation of “Hold” from Analysts
Shares of IAMGOLD Corp (TSE:IMG) have received an average rating of “Hold” from the nine ratings firms that are presently covering the firm. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$4.89.
A number of analysts have weighed in on IMG shares. CIBC raised IAMGOLD Corp from an “underperform” rating to a “sector perform” rating in a research report on Monday, June 27th. TD Securities boosted their price target on IAMGOLD Corp from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research report on Thursday, August 18th. Canaccord Genuity boosted their price objective on IAMGOLD Corp from C$6.50 to C$7.50 and gave the stock a “hold” rating in a research report on Thursday, August 4th. Finally, National Bank Financial boosted their price objective on IAMGOLD Corp from C$6.10 to C$6.75 in a research report on Wednesday, July 13th.
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IAMGOLD Corp (TSE:IMG) traded up 0.92% on Tuesday, reaching $5.49. The company had a trading volume of 1,672,701 shares. IAMGOLD Corp has a one year low of $1.66 and a one year high of $7.65. The company has a 50-day moving average of $5.89 and a 200 day moving average of $4.81. The stock’s market cap is $2.23 billion.
IAMGOLD Corp Company Profile
IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world. Through its holdings, IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.
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