IAMGOLD Corp (TSE:IMG) Given Consensus Rating of “Hold” by Analysts
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$7.13.
Several equities analysts have recently issued reports on the company. National Bank Financial reaffirmed an “outperform market weight” rating on shares of IAMGOLD Corp in a report on Sunday, May 14th. Royal Bank Of Canada upped their target price on IAMGOLD Corp to C$8.00 and gave the company a “sector perform” rating in a report on Thursday, June 8th. TD Securities upped their target price on IAMGOLD Corp from C$8.00 to C$8.50 and gave the company a “buy” rating in a report on Wednesday, June 7th. CIBC upped their target price on IAMGOLD Corp from C$5.00 to C$5.75 in a report on Wednesday, June 7th. Finally, Scotiabank upped their target price on IAMGOLD Corp to C$8.00 and gave the company a “sector perform” rating in a report on Thursday, June 8th.
IAMGOLD Corp (TSE IMG) traded up 0.45% on Monday, reaching $6.69. The company’s stock had a trading volume of 1,331,533 shares. IAMGOLD Corp has a 52-week low of $4.18 and a 52-week high of $7.65. The company’s market cap is $3.11 billion. The firm’s 50-day moving average price is $6.37 and its 200 day moving average price is $5.73.
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In other IAMGOLD Corp news, insider Carol Banducci sold 45,000 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of C$6.72, for a total transaction of C$302,400.00.
About IAMGOLD Corp
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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