IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) had its target price hoisted by Stifel Nicolaus from C$6.00 to C$9.00 in a research report sent to investors on Monday, BayStreet.CA reports.
A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group increased their target price on IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. National Bankshares raised shares of IAMGOLD from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$8.50 to C$11.00 in a research report on Thursday, October 10th. Royal Bank of Canada cut shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, IAMGOLD has an average rating of “Buy” and an average target price of C$6.91.
Get Our Latest Research Report on IAMGOLD
IAMGOLD Price Performance
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last released its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.10. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. The company had revenue of C$527.18 million during the quarter. As a group, research analysts predict that IAMGOLD will post 1.1121076 EPS for the current year.
Insider Buying and Selling
In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’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 owned by company 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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