IAMGOLD Corp (IMG) Receives Average Recommendation of “Buy” from Analysts

Shares of IAMGOLD Corp (TSE:IMG) (NYSE:IAG) have received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$8.59.

A number of equities research analysts have issued reports on the company. Canaccord Genuity decreased their target price on IAMGOLD from C$9.50 to C$8.75 in a research report on Friday, October 20th. Desjardins reaffirmed a “buy” rating on shares of IAMGOLD in a research report on Monday, December 11th. Finally, National Bank Financial upped their target price on IAMGOLD from C$10.25 to C$11.00 in a research report on Friday, January 26th.

In other news, Director Stephen Joseph James Letwin sold 133,825 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of C$7.85, for a total value of C$1,050,526.25. Also, insider Jeffery Alexander Snow sold 15,524 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of C$7.85, for a total value of C$121,863.40.

Shares of IAMGOLD (IMG) opened at C$7.07 on Wednesday. The stock has a market capitalization of $3,280.00, a P/E ratio of 5.12 and a beta of -0.78. IAMGOLD has a 12-month low of C$4.54 and a 12-month high of C$8.87.

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IAMGOLD 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.

Analyst Recommendations for IAMGOLD (TSE:IMG)

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