IAMGOLD Corp (IMG) Receives Average Rating of “Hold” from Analysts
Shares of IAMGOLD Corp (TSE:IMG) (NYSE:IAG) have earned an average rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$8.13.
Several research analysts have issued reports on IMG shares. Canaccord Genuity lowered their price objective on shares of IAMGOLD Corp from C$10.00 to C$9.75 in a research report on Wednesday, September 6th. BMO Capital Markets reissued an “outperform” rating and set a C$7.50 price objective on shares of IAMGOLD Corp in a research report on Wednesday, August 23rd. National Bank Financial raised their price objective on shares of IAMGOLD Corp from C$7.75 to C$8.50 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. raised 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. Finally, TD Securities lowered their price objective on shares of IAMGOLD Corp from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research report on Thursday, September 7th.
IAMGOLD Corp (TSE:IMG) opened at C$7.15 on Monday. IAMGOLD Corp has a 52-week low of C$4.24 and a 52-week high of C$8.87.
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In other news, insider Craig Stephen Macdougall sold 14,000 shares of the firm’s stock in a transaction 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 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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