IAMGOLD Corp (IMG) Given Consensus Recommendation of “Buy” by Analysts
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) has been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$8.25.
Several equities analysts recently issued reports on IMG shares. Canaccord Genuity lowered their price target on IAMGOLD Corp from C$10.00 to C$9.75 in a research note on Wednesday, September 6th. CIBC boosted their price target on IAMGOLD Corp from C$5.00 to C$5.75 in a research note on Wednesday, June 7th. TD Securities boosted their price target on IAMGOLD Corp from C$8.00 to C$8.50 and gave the company a “buy” rating in a research note on Wednesday, June 7th. BMO Capital Markets restated a “market perform” rating and set a C$5.00 price target on shares of IAMGOLD Corp in a research note on Wednesday, June 7th. Finally, Raymond James Financial, Inc. boosted their price target on IAMGOLD Corp to C$9.00 and gave the company a “market perform” rating in a research note on Friday, September 8th.
In related news, insider Carol Banducci sold 45,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of C$6.72, for a total transaction of C$302,400.00.
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Shares of IAMGOLD Corp (TSE:IMG) opened at 8.02 on Friday. The firm’s 50-day moving average price is $7.54 and its 200-day moving average price is $6.29. The firm has a market cap of $3.73 billion and a price-to-earnings ratio of 7.31. IAMGOLD Corp has a 52 week low of $4.18 and a 52 week high of $8.87.
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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