Canaccord Genuity Group upgraded shares of IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) from a hold rating to a strong-buy rating in a report published on Tuesday, Zacks.com reports.
Several other analysts have also issued reports on the stock. Stifel Nicolaus raised their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday. National Bankshares raised IAMGOLD from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$8.50 to C$11.00 in a research report on Thursday, October 10th. Royal Bank of Canada cut IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$6.91.
Get Our Latest Research Report on IAMGOLD
IAMGOLD Price Performance
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last posted its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.10. The company had revenue of C$527.18 million during the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. Research analysts predict that IAMGOLD will post 1.1121076 earnings per share for the current year.
Insider Activity
In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total transaction of C$99,206.80. Corporate 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.
Featured Articles
- Five stocks we like better than IAMGOLD
- How to Calculate Stock Profit
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- 3 Monster Growth Stocks to Buy Now
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- What Are the U.K. Market Holidays? How to Invest and Trade
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.com's FREE daily email newsletter.