IAMGOLD Corp (TSE:IMG) (NYSE:IAG) has received an average recommendation of “Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$8.13.
Several equities analysts have recently issued reports on the company. Canaccord Genuity reduced their target price on IAMGOLD from C$10.00 to C$9.75 in a report on Wednesday, September 6th. Desjardins reaffirmed a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. National Bank Financial upped their target price on IAMGOLD from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, September 6th. TD Securities reduced their target price on IAMGOLD from C$11.00 to C$9.00 and set a “buy” rating for the company in a report on Thursday, September 7th. Finally, Raymond James Financial upped their target price on IAMGOLD to C$9.00 and gave the company a “market perform” rating in a report on Friday, September 8th.
In other IAMGOLD news, insider Craig Stephen Macdougall sold 14,000 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$8.27, for a total transaction of C$115,780.00.
Shares of IAMGOLD (IMG) opened at C$7.44 on Tuesday. The company has a market capitalization of $3,440.00, a P/E ratio of 5.35 and a beta of -1.02. IAMGOLD has a twelve month low of C$4.43 and a twelve month high of C$8.87.
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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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