Scotiabank Reaffirms “Sector Perform” Rating for IAMGOLD Corp (IMG)
Scotiabank reissued their sector perform rating on shares of IAMGOLD Corp (TSE:IMG) in a research note published on Tuesday morning. They currently have a C$5.75 price objective on the mining company’s stock.
A number of other research analysts also recently issued reports on IMG. Canaccord Genuity raised their price target on IAMGOLD Corp from C$4.50 to C$6.50 in a research note on Tuesday, July 12th. National Bank Financial raised their price target on IAMGOLD Corp from C$6.10 to C$6.75 in a research note on Wednesday, July 13th. Finally, TD Securities raised their price target on IAMGOLD Corp from C$5.50 to C$6.50 and gave the stock a hold rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of C$5.00.
Shares of IAMGOLD Corp (TSE:IMG) opened at 5.19 on Tuesday. The stock has a 50 day moving average price of $5.16 and a 200-day moving average price of $5.33. IAMGOLD Corp has a 52-week low of $1.66 and a 52-week high of $7.65. The stock’s market capitalization is $2.11 billion.
IAMGOLD Corp Company Profile
IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world. Through its holdings, IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.
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