IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) had its price target upped by Canaccord Genuity Group from C$3.75 to C$5.50 in a research note published on Tuesday, BayStreet.CA reports.
Other research analysts also recently issued reports about the stock. National Bank Financial restated a sector perform spec overwgt rating on shares of IAMGOLD in a research note on Monday, April 8th. Bank of America upped their target price on shares of IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. National Bankshares upped their price target on shares of IAMGOLD from C$6.25 to C$6.50 in a report on Friday, April 19th. Finally, Stifel Nicolaus upped their price target on shares of IAMGOLD from C$3.00 to C$5.25 in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of C$4.99.
Read Our Latest Stock Report on IAMGOLD
IAMGOLD Price Performance
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last released its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. The company had revenue of C$405.19 million during the quarter. On average, analysts expect that IAMGOLD will post 0.0746963 earnings per share for the current year.
IAMGOLD Company Profile
IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.
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