IAMGOLD Corp (IMG) Given New C$9.00 Price Target at TD Securities
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) had its target price dropped by investment analysts at TD Securities from C$11.00 to C$9.00 in a report issued on Thursday. The brokerage currently has a “buy” rating on the mining company’s stock. TD Securities’ price target would indicate a potential upside of 3.09% from the company’s previous close.
A number of other analysts have also recently weighed in on IMG. National Bank Financial reaffirmed an “outperform market weight” rating on shares of IAMGOLD Corp in a research report on Sunday, May 14th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$7.50 price target on shares of IAMGOLD Corp in a research report on Wednesday. Royal Bank Of Canada upped their price objective on shares of IAMGOLD Corp to C$8.00 and gave the company a “sector perform” rating in a research report on Thursday, June 8th. CIBC upped their price objective on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a research report on Wednesday, June 7th. Finally, Canaccord Genuity decreased their price objective on shares of IAMGOLD Corp from C$10.00 to C$9.75 in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$8.14.
Shares of IAMGOLD Corp (IMG) traded down 2.41% during mid-day trading on Thursday, hitting $8.52. The stock had a trading volume of 1,054,048 shares. The stock has a market cap of $3.96 billion and a P/E ratio of 7.77. The company’s 50 day moving average price is $7.22 and its 200 day moving average price is $6.18. IAMGOLD Corp has a 12-month low of $4.18 and a 12-month high of $8.87.
In other IAMGOLD Corp news, insider Carol Banducci sold 45,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total value of C$302,400.00.
IAMGOLD Corp Company Profile
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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