IAMGOLD Corp (IMG) Receives Average Recommendation of “Hold” from Brokerages
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) has received an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$8.22.
IMG has been the topic of a number of recent analyst reports. Canaccord Genuity boosted their price target on shares of IAMGOLD Corp from C$9.25 to C$9.50 in a research report on Thursday, July 27th. TD Securities boosted their price target 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. boosted their price target 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. National Bank Financial dropped their price target on shares of IAMGOLD Corp from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Thursday, September 14th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$7.50 price target on shares of IAMGOLD Corp in a research report on Wednesday, September 6th.
In related news, insider Craig Stephen Macdougall sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of C$8.27, for a total value of C$115,780.00.
IAMGOLD Corp (TSE:IMG) opened at 7.79 on Thursday. The stock has a market capitalization of $3.62 billion and a PE ratio of 7.10. IAMGOLD Corp has a one year low of $4.24 and a one year high of $8.87. The firm has a 50-day moving average of $7.98 and a 200-day moving average of $6.66.
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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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