Canaccord Genuity Cuts IAMGOLD Corp (IMG) Price Target to C$9.75
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) had its price objective dropped by Canaccord Genuity from C$10.00 to C$9.75 in a research report issued to clients and investors on Wednesday. Canaccord Genuity’s price target would indicate a potential upside of 15.38% from the stock’s previous close.
Other research analysts also recently issued reports about the company. CIBC increased their price objective on IAMGOLD Corp from C$5.00 to C$5.75 in a report on Wednesday, June 7th. TD Securities increased their price objective on IAMGOLD Corp from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. BMO Capital Markets reiterated a “market perform” rating and set a C$5.00 price objective on shares of IAMGOLD Corp in a report on Wednesday, June 7th. National Bank Financial increased their price objective on IAMGOLD Corp from C$7.75 to C$8.50 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Scotiabank increased their price objective on IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a report on Thursday, June 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. IAMGOLD Corp currently has an average rating of “Buy” and a consensus price target of C$8.14.
Shares of IAMGOLD Corp (TSE IMG) traded up 2.60% during trading on Wednesday, reaching $8.67. 664,970 shares of the company’s stock were exchanged. IAMGOLD Corp has a 12-month low of $4.18 and a 12-month high of $8.87. The company has a 50 day moving average of $7.15 and a 200 day moving average of $6.16. The stock has a market cap of $4.03 billion and a P/E ratio of 7.90.
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In other IAMGOLD Corp news, insider Carol Banducci sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of C$6.72, for a total value 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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