Brokerages Set IAMGOLD Corp (TSE:IMG) PT at $4.89
Shares of IAMGOLD Corp (TSE:IMG) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$4.89.
Several equities analysts recently commented on IMG shares. CIBC raised IAMGOLD Corp from an “underperform” rating to a “sector perform” rating in a report on Monday, June 27th. TD Securities increased their target price on IAMGOLD Corp from C$6.50 to C$7.00 and gave the company a “hold” rating in a report on Thursday, August 18th. Canaccord Genuity increased their target price on IAMGOLD Corp from C$6.50 to C$7.50 and gave the company a “hold” rating in a report on Thursday, August 4th. Finally, National Bank Financial increased their target price on IAMGOLD Corp from C$6.10 to C$6.75 in a report on Wednesday, July 13th.
IAMGOLD Corp (TSE:IMG) opened at 5.64 on Tuesday. IAMGOLD Corp has a 52 week low of $1.66 and a 52 week high of $7.65. The company has a 50 day moving average price of $5.82 and a 200 day moving average price of $4.84. The stock’s market cap is $2.29 billion.
IAMGOLD Corp Company Profile
IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world. Through its holdings, IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.
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