Royal Bank of Canada cut shares of IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) from a moderate buy rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.
Several other research analysts also recently weighed in on IMG. National Bankshares upped their price target on shares of IAMGOLD from C$7.00 to C$8.50 and gave the stock a sector perform rating in a research report on Tuesday, August 20th. Canaccord Genuity Group raised their target price on IAMGOLD from C$5.50 to C$6.00 in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, IAMGOLD presently has an average rating of Hold and a consensus price target of C$5.70.
View Our Latest Analysis on IMG
IAMGOLD Stock Performance
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last announced its earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.10. The firm had revenue of C$527.18 million for the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. Sell-side analysts anticipate that IAMGOLD will post 0.4951311 EPS for the current fiscal year.
Insider Activity at IAMGOLD
In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. Insiders own 0.10% of the company’s stock.
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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