IAMGOLD Corp (IMG) Price Target Raised to C$9.00 at National Bank Financial
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) had its target price lifted by National Bank Financial from C$8.50 to C$9.00 in a report released on Wednesday. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price target suggests a potential upside of 5.02% from the stock’s previous close.
A number of other research firms also recently weighed in on IMG. Canaccord Genuity increased their price target on shares of IAMGOLD Corp from C$9.75 to C$10.00 in a research note on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and set a C$7.50 price target on shares of IAMGOLD Corp in a research note on Wednesday, August 23rd. CIBC increased their price target on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a research note on Wednesday, June 7th. TD Securities increased their price target on shares of IAMGOLD Corp from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Finally, Scotiabank increased their price target on shares of IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$8.18.
IAMGOLD Corp (IMG) traded down 3.15% during mid-day trading on Wednesday, hitting $8.30. 2,588,095 shares of the stock traded hands. The stock’s 50 day moving average is $7.09 and its 200-day moving average is $6.15. The company has a market cap of $3.86 billion and a price-to-earnings ratio of 7.57. IAMGOLD Corp has a 12 month low of $4.18 and a 12 month high of $8.87.
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In other IAMGOLD Corp news, insider Carol Banducci sold 45,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total transaction of C$302,400.00.
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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