IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) had its price objective lifted by investment analysts at Stifel Nicolaus from C$6.00 to C$9.00 in a research note issued on Monday, BayStreet.CA reports. Stifel Nicolaus’ price objective indicates a potential upside of 6.64% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada cut shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. National Bankshares upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$8.50 to C$11.00 in a report on Thursday, October 10th. Canaccord Genuity Group increased their price objective on shares of IAMGOLD from C$5.50 to C$6.00 in a research report on Tuesday, July 23rd. Finally, National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$6.74.
Check Out Our Latest Report on IMG
IAMGOLD Trading Down 0.9 %
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last posted its quarterly earnings results 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 business 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%. As a group, sell-side analysts forecast that IAMGOLD will post 1.1121076 EPS for the current fiscal year.
Insider Transactions at IAMGOLD
In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were 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.
About IAMGOLD
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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