IAMGOLD Corp (IMG) Price Target Raised to C$9.00 at Raymond James Financial, Inc.
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) had its price objective increased by stock analysts at Raymond James Financial, Inc. to C$9.00 in a research report issued on Friday, StockTargetPrices.com reports. The firm presently has a “market perform” rating on the mining company’s stock. Raymond James Financial, Inc.’s price objective points to a potential upside of 5.63% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. TD Securities lifted their price objective on shares of IAMGOLD Corp from C$8.50 to C$9.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. National Bank Financial reiterated an “outperform market weight” rating on shares of IAMGOLD Corp in a report on Sunday, May 14th. BMO Capital Markets restated an “outperform” rating and set a C$7.50 price objective on shares of IAMGOLD Corp in a report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a report on Thursday, June 8th. Finally, CIBC boosted their price objective on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a report on Wednesday, June 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$8.25.
IAMGOLD Corp (IMG) traded down 2.41% during midday trading on Friday, reaching $8.52. The company had a trading volume of 2,461,914 shares. The company has a market capitalization of $3.96 billion and a P/E ratio of 7.77. The company’s 50 day moving average is $7.22 and its 200-day moving average is $6.18. IAMGOLD Corp has a 52-week low of $4.18 and a 52-week high of $8.87.
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In other news, insider Carol Banducci sold 45,000 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total transaction 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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