The IAMGOLD Corp (IMG) Receives Consensus Recommendation of "Hold" from the Analysts

Cornelia Mascio
Ottobre 22, 2017

The company has a market cap of $3.37 billion and a PE ratio of 6.61. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. IAMGOLD Corp has a 12-month low of $1.66 and a 12-month high of $7.65. TD Securities upped their target price on shares of IAMGOLD Corp from C$8.50 to C$9.00 and gave the stock a "buy" rating in a research note on Thursday, August 10th. IAMGOLD Corp now has an average rating of "Hold" and a consensus target price of C$8.13. Finally, Canaccord Genuity reaffirmed a "sector perform" rating and issued a C$5.75 price target (down from C$7.00) on shares of IAMGOLD Corp in a research note on Thursday, November 24th. Scotiabank increased their target price on shares of Iamgold Corporation from $6.25 to $7.00 and gave the stock a sector perform rating in a report on Friday, September 15th. The firm has a 50-day moving average of $6.36 and a 200-day moving average of $5.26.

Shares of IAMGOLD Corp (TSE:IMG) traded up 0.69% during trading on Friday, hitting $7.25. Raymond James Financial, Inc. upped their target price on shares of IAMGOLD Corp to C$9.00 and gave the stock a "market perform" rating in a research note on Friday, September 8th. The shares were sold at an average price of C$8.27, for a total value of C$115,780.00. Based on an average trading volume of 5,799,700 shares, the short-interest ratio is now 0.8 days. The company had revenue of $274.50 million for the quarter, compared to analysts' expectations of $267.07 million. The firm's revenue was up 18.1% compared to the same quarter previous year. On average, analysts expect that Iamgold Corporation will post $0.06 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business.

TRADEMARK VIOLATION NOTICE: This article was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. Montrusco Bolton Investments Inc. acquired a new stake in shares of Iamgold Corporation in the 3rd quarter worth about $4,759,000. Comerica Bank grew its stake in Iamgold Corporation by 1.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company's stock worth $110,000 after acquiring an additional 10,773 shares during the period. Comerica Bank now owns 25,820 shares of the mining company's stock worth $104,000 after buying an additional 485 shares during the period. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark legislation. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Iamgold Corporation in the 2nd quarter worth about $4,103,000.

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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