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.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Tuesday, November 7th. The mining company reported C$0.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.45% and a net margin of 12.13%.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2018/01/19/iamgold-img-given-new-c10-50-price-target-at-canaccord-genuity.html.

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.

Analyst Recommendations for IAMGOLD (TSE:IMG)

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.