IAMGOLD (IMG) Given New C$10.50 Price Target at Canaccord Genuity
IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective raised by research analysts at Canaccord Genuity from C$9.00 to C$10.50 in a research report issued to clients and investors on Friday. Canaccord Genuity’s price objective indicates a potential upside of 37.61% from the stock’s previous close.
Separately, Desjardins restated a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$8.34.
Shares of IAMGOLD (TSE IMG) traded down C$0.03 during trading hours on Friday, hitting C$7.63. The stock had a trading volume of 1,212,350 shares, compared to its average volume of 1,450,182. The stock has a market cap of $3,550.00, a price-to-earnings ratio of 5.61 and a beta of -1.02. IAMGOLD has a 52-week low of C$4.54 and a 52-week high of C$8.87.
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IAMGOLD Company Profile
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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