IAMGOLD Corp (TSE:IMG) Receives Consensus Rating of “Hold” from Analysts
Shares of IAMGOLD Corp (TSE:IMG) (NYSE:IAG) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$7.13.
A number of equities analysts recently commented on the stock. CIBC raised their price target on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a research report on Wednesday, June 7th. TD Securities raised their price target on shares of IAMGOLD Corp from C$8.00 to C$8.50 and gave the company a “buy” rating in a research note on Wednesday, June 7th. BMO Capital Markets restated a “market perform” rating and issued a C$5.00 price target on shares of IAMGOLD Corp in a research note on Wednesday, June 7th. Scotiabank raised their price objective on shares of IAMGOLD Corp to C$8.00 and gave the company a “sector perform” rating in a report on Thursday, June 8th. Finally, Royal Bank Of Canada raised their price objective on shares of IAMGOLD Corp to C$8.00 and gave the company a “sector perform” rating in a report on Thursday, June 8th.
In related news, insider Carol Banducci sold 45,000 shares of IAMGOLD Corp stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total value of C$302,400.00.
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IAMGOLD Corp (IMG) traded up 0.94% during trading on Monday, reaching $6.43. 822,772 shares of the company’s stock were exchanged. The company’s 50-day moving average is $6.37 and its 200-day moving average is $5.73. The company’s market capitalization is $2.99 billion. IAMGOLD Corp has a 1-year low of $4.18 and a 1-year high of $7.65.
About IAMGOLD Corp
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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