IAMGOLD (IMG) PT Lowered to C$10.00 at National Bank Financial

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price dropped by investment analysts at National Bank Financial from C$11.00 to C$10.00 in a report released on Wednesday. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price target would suggest a potential upside of 29.70% from the stock’s previous close.

Several other equities research analysts have also 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$8.47.

IAMGOLD (TSE:IMG) traded up C$0.64 during midday trading on Wednesday, reaching C$7.71. The company had a trading volume of 2,970,680 shares, compared to its average volume of 1,500,560. The stock has a market cap of $3,560.00, a price-to-earnings ratio of 5.54 and a beta of -0.78. IAMGOLD has a twelve month low of C$4.54 and a twelve month high of C$8.87.

In related news, Director Stephen Joseph James Letwin sold 133,825 shares of IAMGOLD stock in a transaction dated 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 IAMGOLD stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$7.85, for a total value of C$121,863.40.

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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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