IAMGOLD Corp (IMG) Given Average Rating of “Buy” by Brokerages

Shares of IAMGOLD Corp (TSE:IMG) (NYSE:IAG) have been given a consensus recommendation of “Buy” by the nine brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$8.34.

Several equities analysts recently weighed in on the company. Canaccord Genuity lowered IAMGOLD from a “buy” rating to a “hold” rating and cut their price target for the company from C$10.00 to C$9.50 in a research note on Friday, September 29th. Desjardins restated a “buy” rating on shares of IAMGOLD in a research note on Monday, December 11th.

IAMGOLD (TSE:IMG) opened at C$7.69 on Friday. IAMGOLD has a 52 week low of C$4.54 and a 52 week high of C$8.87. The firm has a market capitalization of $3,580.00, a PE ratio of 5.65 and a beta of -1.02.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Tuesday, November 7th. The mining company reported C$0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.45% and a net margin of 12.13%.

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About IAMGOLD

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.

Analyst Recommendations for IAMGOLD (TSE:IMG)

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