Canaccord Genuity Reiterates “Sector Perform” Rating for IAMGOLD Corp (IMG)
IAMGOLD Corp (TSE:IMG) (NYSE:IAG)‘s stock had its “sector perform” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday. They currently have a C$5.75 price target on the mining company’s stock, down from their prior price target of C$7.00. Canaccord Genuity’s target price points to a potential upside of 18.07% from the stock’s current price.
A number of other analysts have also recently issued reports on IMG. Scotiabank reissued a “sector perform” rating and set a C$5.75 price objective on shares of IAMGOLD Corp in a research report on Tuesday, November 8th. TD Securities lifted their price objective on IAMGOLD Corp from C$5.50 to C$6.50 and gave the company a “hold” rating in a research report on Thursday, August 4th. Finally, National Bank Financial raised IAMGOLD Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$5.06.
IAMGOLD Corp (TSE:IMG) opened at 4.87 on Thursday. The stock’s market cap is $2.19 billion. IAMGOLD Corp has a one year low of $1.66 and a one year high of $7.65. The company has a 50-day moving average price of $5.11 and a 200-day moving average price of $5.40.
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About IAMGOLD Corp
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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