National Bank Financial Trims IAMGOLD Corp (IMG) Target Price to C$9.00
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) had its price objective lowered by equities research analysts at National Bank Financial from C$10.00 to C$9.00 in a research report issued on Thursday. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price objective would suggest a potential upside of 10.57% from the company’s previous close.
A number of other equities analysts have also recently weighed in on IMG. TD Securities increased their price objective on shares of IAMGOLD Corp from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. increased their price objective on shares of IAMGOLD Corp to C$9.00 and gave the stock a “market perform” rating in a research report on Friday, September 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$7.50 price objective on shares of IAMGOLD Corp in a research report on Wednesday, September 6th. Royal Bank Of Canada increased their price objective on shares of IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 8th. Finally, CIBC increased their price objective on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a research report on Wednesday, June 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$8.25.
Shares of IAMGOLD Corp (TSE:IMG) traded down 1.11% during mid-day trading on Thursday, hitting $8.05. The company had a trading volume of 606,627 shares. IAMGOLD Corp has a 52-week low of $4.18 and a 52-week high of $8.87. The firm has a market capitalization of $3.74 billion and a price-to-earnings ratio of 7.34. The firm has a 50-day moving average price of $7.49 and a 200 day moving average price of $6.27.
In other IAMGOLD Corp news, insider Carol Banducci sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total value 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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