National Bank Financial upgraded shares of IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday, Zacks.com reports.
Several other equities analysts have also commented on IMG. Canaccord Genuity Group upped their target price on IAMGOLD from C$5.50 to C$6.00 in a report on Tuesday, July 23rd. National Bankshares upgraded IAMGOLD from a sector perform rating to an outperform rating and boosted their price objective for the stock from C$8.50 to C$11.00 in a research report on Thursday. Finally, Royal Bank of Canada downgraded IAMGOLD from a moderate buy rating to a hold rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, IAMGOLD currently has an average rating of Moderate Buy and a consensus target price of C$6.12.
View Our Latest Stock Report on IAMGOLD
IAMGOLD Trading Down 0.6 %
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, topping analysts’ consensus estimates of C$0.12 by C$0.10. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. The business had revenue of C$527.18 million for the quarter. Equities analysts forecast that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.
Insiders Place Their Bets
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. 0.10% of the stock is currently owned by insiders.
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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