IAMGOLD Corp (TSE:IMG) (NYSE:IAG) had its price objective reduced by National Bank Financial from C$10.00 to C$9.00 in a research report report published on Thursday. National Bank Financial currently has an outperform rating on the mining company’s stock.
Several other research analysts have also recently commented on IMG. TD Securities raised their target price on shares of IAMGOLD Corp from C$8.00 to C$8.50 and gave the stock a buy rating in a report on Wednesday, June 7th. CIBC raised their target price on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a report on Wednesday, June 7th. BMO Capital Markets reaffirmed a market perform rating and set a C$5.00 target price on shares of IAMGOLD Corp in a report on Wednesday, June 7th. Royal Bank Of Canada raised their target price on shares of IAMGOLD Corp to C$8.00 and gave the stock a sector perform rating in a report on Thursday, June 8th. Finally, Scotiabank raised their target price on shares of IAMGOLD Corp to C$8.00 and gave the stock a sector perform rating in a report on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. IAMGOLD Corp has a consensus rating of Buy and an average price target of C$8.25.
Shares of IAMGOLD Corp (TSE IMG) opened at 8.02 on Thursday. IAMGOLD Corp has a 52-week low of $4.18 and a 52-week high of $8.87. The company’s 50-day moving average price is $7.54 and its 200-day moving average price is $6.29. The firm has a market capitalization of $3.73 billion and a P/E ratio of 7.31.
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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 shares were sold at an average price of C$6.72, for a total value of C$302,400.00.
IAMGOLD Corp Company Profile
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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