IAMGOLD (IMG) Given New C$11.50 Price Target at Canaccord Genuity

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price raised by Canaccord Genuity from C$10.50 to C$11.50 in a research report sent to investors on Thursday morning.

Other research analysts also recently issued research reports about the stock. Desjardins reiterated a buy rating on shares of IAMGOLD in a report on Monday, December 11th. National Bank Financial dropped their target price on shares of IAMGOLD from C$11.00 to C$10.00 and set an outperform rating on the stock in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of C$8.59.

IAMGOLD (IMG) opened at C$6.80 on Thursday. The company has a market cap of $3,180.00, a price-to-earnings ratio of 4.89 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 other news, insider Jeffery Alexander Snow sold 15,524 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of C$7.85, for a total transaction of C$121,863.40. Also, Director Stephen Joseph James Letwin sold 133,825 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$7.85, for a total transaction of C$1,050,526.25.

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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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